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...

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.

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 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.

Officials of the Independent Insurance Agents and Brokers of America are voicing strong opposition to provisions of a Senate healthcare reform bill that would create a public plan in competition with private insurers.

One insurer announced it was rejecting funds from the government's Troubled Asset Relief Program, while another said it would accept them.

Treasury Secretary Timothy Geithner will outline the thinking behind the Obama administration's regulatory reform proposals Thursday in rare consecutive hearings before the Senate and House financial services committees.

Legislation clarifying the exempt status of Florida's non-admitted insurance industry from compliance with rate and forms laws was signed Thursday by Gov. Charles Crist.