Under the bill, the home state regulator would also be responsible for allocating any taxes collected on the coverage to the other involved states. The legislation makes it easier for sophisticated pu

A representative for smaller insurance companies voiced concern last week over the ability of such carriers to survive if they are forced to provide coverage for nuclear, biological, chemical and

The Bush administration threw cold water on legislation introduced last week providing a long-term extension of the Terrorism Risk Insurance Act, although it is not clear whether the President would

WASHINGTON--Legislation to reform regulation of the surplus lines and reinsurance markets is scheduled for House floor action Monday under expedited procedures, according to congressional staffers and

David Nason, assistant secretary of the Treasury for financial institutions, testified before a House subcommittee that it is important that the program, which provides a federal backup for insurers'

David Nason, assistant secretary of the Treasury for financial institutions, testified before a House subcommittee that it is important that the program, which provides a federal backup for insurers'

WASHINGTON--The president of the American Insurance Association plans to urge Congress Thursday "to act as quickly as possible" on legislation extending the Terrorism Risk Act so that the new program i

WASHINGTON--A senior property-casualty insurance industry lobbyist predicts the terrorism risk insurance bill extension introduced Monday in the House will have "overwhelming and bipartisan support" on