The measure is being sponsored by Rep. Peter Fazio, D-Oregon, Rep. Bobby Jindal, R-La., and Rep. Gene Taylor, D-Miss., among others, according to a memo obtained by National Underwriter that Rep. Tayl

In a bi-partisan move, Republican Mayor Michael Bloomberg and Democratic Sen. Charles Schumer released a consultant's report they commissioned that finds an optional federal charter for insurers shoul

"We have received from our congressional colleagues who represent the Gulf Coast serious allegations of a failure in the insurance system to serve the purpose for which it was intended," said Reps.

Responding to a request for action from the Mississippi congressional delegation, the House Financial Services Committee said last week it will look into the "failure of the insurance system" to deal

Justices indicate skepticism toward notification requirement for rating

WASHINGTON--U.S. senators from the Gulf Coast are unleashing a multipronged legislative attack on the property-casualty insurance industry for sins they perceive in insurers' handling of hurricane clai

WASHINGTON--The House Financial Services Committee will look into allegations of an apparent "failure of the insurance system" to deal appropriately with claims arising from Hurricanes Katrina and Rita

WASHINGTON--Several Supreme Court justices voiced concern today about the practicality of an appeals court decision implying insurers must notify consumers when their credit record results in a higher