Industry takes lumps at hearing after GAO issues scathing report on practices

Effort underway to streamline regulatory reform measure to counteract OFC

The GAO report--"Title Insurance: Preliminary Views and Issues for Further Study"--was released through Rep. Mike Oxley, R-Ohio, chair of the House Financial Services Committee, who had requested the

WASHINGTON--A House committee is redrafting the proposed SMART Act insurance law to shorten it and give home-state regulators sole enforcement authority under standards set by Congress, the National Un

The House panel's request stems from settlement talks between Colorado Deputy Insurance Commissioner Erin Toll and LandAmerica, which are aimed at reaching an agreement relating to her department's pr

Sen. Lott has been at odds with the industry since Hurricane Katrina, which heavily damaged his home and saw him clash with his carrier over the claim. He filed suit against his insurer, State Farm, l

WASHINGTON--Sen. Arlen Specter introduced a revised version Friday of his legislation aimed at limiting asbestos injury litigation by creating a special $140 billion fund for claimants, nearly a third

"A catastrophic attack would put significant pressure on the [group life] industry," Gregory Serio said here during a panel discussion at the annual meeting of the Association for Advanced Life