Supporters and opponents of a new federal regulatory regime for the insurance sector all found something to like in the Obama administration's white paper on financial services regulatory reform.

Congress should launch federal regulation of the insurance industry with oversight of bond insurers, mortgage insurers, and reinsurers, the chairman of a House subcommittee said yesterday.

Bermuda-based property and casualty companies enjoy substantially higher after-tax returns on equity and lower effective tax rates than their U.S. competitors, according to a new report by a coalition of domestic insurers.

The Obama administration will propose putting large insurance companies under the control of a federal, systemic risk supervisor for the financial system, and probably a U.S. insurance regulator as well...

Lincoln Insurance Group said today in a securities filing it will seek to raise $2.1 billion in additional capital, including $900 million through the government's Troubled Asset Relief Program and an additional $600 million in a securities offering.

The U.S. House of Representatives plans to speed up consideration of a measure to reform regulation of surplus lines insurance and reinsurance, industry lobbyists say.

A House Republican financial regulation plan unveiled last week would require congressional authorization for aid to troubled non-bank financial institutions such as American International Group, but would not disturb state insurance regulation.

The Federal Reserve Board suffered paper losses of almost $9 billion, or 19 percent, in the first quarter of 2009 on risky securities it took over from American International Group last year, according to a new report.