The Maryland legislature has rejected legislation that would have imposed an outright ban on the use of credit information in rating automobile insurance.

European insurance regulators are making progress in developing an approach to determine whether European and U.S. regulatory systems are equivalent, according to officials of the American Insurance Association.

The Maryland legislature has rejected legislation that would have imposed an outright ban on the use of credit information in rating automobile insurance.

Standard & Poor's has upgraded AIG's long-term counterparty credit rating and raised its stand-alone credit profile five notches to reflect the federal government's financial support for the company.

The health insurance industry has notified federal officials it will comply with a health care reform law provision requiring them to cover children with pre-existing medical conditions within six months.

Insurers, balking at having to help pre-fund a bailout authority for systemically risky companies, have secured a key change in financial services reform legislation that will reportedly limit the assessment to one major insurance carrier.

Surety bond insurers' representatives said they successfully lobbied to prevent the new health care bill from containing a provision that would have impacted their business.

The Senate and House have approved a final reconciliation bill that completes that chamber's action on pending health care reform measures.