WASHINGTON-Legislation streamlining and reforming state regulation of surplus lines insurance and reinsurance was introduced Thursday in the Senate.

WASHINGTON-Three House bills have been introduced to provide federal funds through several programs to assist homeowners, businesses, public officials and first responders in preparing for disasters.

New federal protections administered by any new federal consumer protection agency would create "a duplicative inefficient system," a property and casualty industry official told the House Financial Services Committee.

Health insurer trade groups warned the Senate yesterday that any health care reform legislation including a public insurance option will have a devastating impact on the current private health care delivery system.

More than half of Americans who have health insurance are opposed to or "are not sure how they feel" about a government-operated health care plan, according to a new poll.

Both supporters and opponents of a new federal oversight system for the insurance sector all found something to like in the Obama administration's white paper proposing sweeping reforms of financial services regulation.

A provision in a bankruptcy court settlement for asbestos injury claimants that barred individual lawsuits against carriers was upheld by the U.S. Supreme Court yesterday.

The leadership of the National Association of Professional Insurance Agents is voicing misgivings about the Obama administration proposal to create an Office of National Insurance.