The Federal Reserve Board threw a life preserver to keep American International Group Inc. from drowning last night, as the Fed agreed to have the U.S. government take a 79.9 percent stake in AIG in e

WASHINGTON--The leadership of the National Conference of Insurance Legislators is asking in the strongest terms that the U.S. House of Representatives give a thumbs-down this week to legislation that w

WASHINGTON--The National Association of Insurance Commissioners, in a move they acknowledged is not unanimous, said they will support significantly revised legislation creating a federal Office of Insu

WASHINGTON--Members of the National Association of Insurance and Financial Advisors' national council agreed today to support the concept of letting insurance industry players choose between state regu

WASHINGTON--Stronger support for their mortgage-backed securities holdings makes the government's decision to place mortgage giants Fannie Mae and Freddie Mac into conservatorship a net positive to pub

WASHINGTON--Reinsurance industry trade groups said they are urging state and federal lawmakers to back legislation that promotes storm proofing of homes and land conservation to cut hurricane losses ra

The Republicans last week adopted language in their platform calling for a "national disaster insurance policy," following an earlier vote by the Democratic Party to back a national catastrophe fund,

Backers of an optional federal charter will be happy to hear that Sen. Tim Johnson, D-S.D., will likely chair the U.S. Senate Banking Committee next year if Democratic nominee Barack Obama is elected