The National Association of Insurance Commissioners has won significant changes to legislation creating a Federal Insurance Office, giving state regulators more say in its operations.

Federal Reserve officials woefully underestimated the potential cost of bailing out American International Group, according to a report issued by the Office of the Special Inspector General for the Troubled Asset Relief Program.

Insurance agents are voicing dismay over health care reform legislation passed by the House of Representatives on Nov. 7, and expressed hope that a more acceptable product would be produced by the Senate.

P&C insurance groups raised a number of objections to sweeping financial services regulatory reform legislation unveiled in the U.S. Senate last week...

Surety bond insurers are up in arms over a provision in the House health care reform legislation that waives a bond requirement for most pharmacies that provide durable equipment to Medicare beneficiaries.

Property and casualty insurance trade groups are lauding Senate Democrats' decision to include provisions modernizing and reforming the surplus lines industry in legislation they unveiled for financial services regulatory reform.

Senate majority leader Harry Reid, D-Nev., has set the stage for a key vote on the Senate version of health care reform legislation on Tuesday, a move indicating he is likely to unveil the bill Monday.

The chairman of the Senate Banking Committee unveiled an omnibus financial bill that would require a study of ways to modernize insurance regulation and creation of an Office of National Insurance.