The P-C panel acted after Howard Goldblatt, director of government affairs for the CAIF cited data indicating that airbag theft and fraud continues "to be a big problem and a public safety issue,

WASHINGTON--State insurance legislators on Friday deferred action on a proposed Market Conduct Annual Statement Model Act, in hopes of working with state regulators on a joint approach leading to

Meanwhile AIG Chairman and Chief Executive Officer Edward Liddy said it will take time to restore the carrier's independence from government support because of the size of the company and the poor

American International Group today reported a loss of $61.7 billion for the fourth quarter of 2008--one of the largest ever recorded by a public company. At the same time, in coordination with the

However, for the record, at least one industry group--the Property Casualty Insurers Association of America--filed a complaint against any further federal support, urging Washington to rethink plans to

A pair of insurance company and producer associations has joined forces with the largest credit union trade organization to form an interest group aimed at making sure financial services regulatory

Congress should concentrate on drafting legislation to reduce systemic risk to the financial system before tackling solvency and consumer protection in the stable insurance sector, the Property

Federal Reserve Board Chairman Ben Bernanke told House members last week it would be a "useful idea" to create a federal charter option for insurers, "particularly for large, systemically critical