"We're glad to see the President's Working Group on Financial Markets taking action on this vitally important study," said Dennis Kelly, a spokesman with the American Insurance Association. "AIA will

Washington--Legislation modernizing the federal regulatory system and calling for the end of rate regulation will be introduced this spring in both the House and Senate, congressional committee staff s

Washington--Bank sales of commercial lines insurance have jumped more than 200 percent since the financial sector changes in the 1999 Gramm-Leach-Bliley Act went into effect, according to a new study r

In a statement late Friday, Senate Majority Leader William Frist, R-Tenn., said: "To fix the asbestos crisis without additional delay, I have told sponsors of the bill that 60 members must signify the

Trust fund proposal fails to clear Senate procedural hurdle by just two

Washington--This week's failure of the Senate Republican leadership to surmount a parliamentary hurdle on asbestos trust fund legislation means that the most realistic hope for reform lies in legislati

Critical votes are scheduled this week in the U.S. Senate on proposed legislation creating a $140 billion trust fund to handle asbestos claims, with important segments of the insurance industry

The administration's position was made known in the wake of last night's 98-1 vote to approve debate on the measure, a tally signaling it has gained enough momentum to have a good chance of passing t