The Department of Health and Human Services should not define a "medical loss" too rigidly in regulations developed around the new health care law, property and casualty and health agent trade groups said.

U.S. auto thefts declined in 2009 for the sixth consecutive year, according to the National Insurance Crime Bureau (NICB).

Officials from the crop insurance industry are voicing opposition to a proposal by an Iowa State University professor that the current system be replaced with a direct subsidy program.

Winning an exemption for insurers from having to help pay to wind down failed non-insurance firms posing a systemic risk to the economy was the key priority for insurers

State financial services regulators said they support having one of their members serving as a non-voting member of the Systemic Risk Council that would be created under financial service reform legislation.

P&C trade groups sent a letter to Senate members late Thursday asking them to reject an amendment to financial services reform legislation calling for repeal of the antitrust-protection afforded to health insurers under the McCarran-Ferguson Act.

A House committee heard rival opinions on insurers use of consumer credit scoring that was called both justified and unfair.

The Senate approved an amendment to the financial services reform bill giving the Securities and Exchange Commission the authority to set up a Credit Rating Agency Board.