As debate continues on financial services reform legislation in the Senate, insurance industry representatives said they will work to eliminate regulatory provisions they consider too "bank-centric."

American International Group is "stable," primarily as a result of a huge infusion of government financial aid, the Government Accountability Office said in a new report.

A House panel has reported out flood insurance legislation and two other bills dealing with natural catastrophes, but only the flood program has unanimous industry backing.

American International Group is "stable," primarily as a result of a huge infusion of government financial aid, the Government Accountability Office said in a new report.

State legislators and regulators are sparring with large insurance companies over whether Congress should create an office within the Treasury Department to monitor insurance activities.

A House bill that has drawn attention and some support from insurance groups to restrict the number of prescriptions issued for the pain killer OxyContin appears likely to face a difficult challenge to secure passage, Congress watchers said.

Legislation the House Financial Services Committee will take up Tuesday would, among other provisions, reauthorize the National Flood Insurance Program for five years.

The House Financial Services Committee has decided to delay action on legislation providing a long-term reauthorization of the National Flood Insurance Program until Tuesday.