Treasury deputy secretary Neal Wolin told London stockbrokers today that the Obama administration believes the new financial services reform law gives it the power to

The Property Casualty Insurers Association of America said the model law proposed by a state regulatory task force to implement the surplus lines modernization law does not support the intent of the federal law.

Election Day was a good one for the property and casualty insurance industry, with the results boding well for many industry initiatives and concerns.

The battle with state insurance regulators over implementation of the surplus lines modernization law has begun as several insurance trade groups voiced strong objections to the National Association of Insurance Commissioners' proposal.

The Centers for Medicare and Medicaid Services has agreed to delay until January 2012 certain mandatory reporting requirements for workers' compensation cases under the Medicare Secondary Payer law.

Legislation will likely be introduced in the Senate this week to repeal a provision of the health care reform law mandating that a form-1099 be filled out for all payments made for goods and services by small businesses.

A vibrant farm industry is currently helping the crop insurance industry cope with the Agriculture Department's decision to substantively cut back its subsidy program.

Three insurance trade groups are telling federal regulators that insurance investment activities are far less risky than those of banks and should be left to state regulators to oversee.