Trepidation appears to be the appropriate word in describing the reaction of California insurance industry officials to Gov. Jerry Brown signing workers compensation reform legislation in the state.

The agency created to quickly identify and address risks to the stability of the U.S. financial system needs greater transparency to do its job correctly, the Government Accountability Office says in a new study.

A House panel has passed legislation, sought by both industry groups and plaintiff lawyers, designed to streamline enforcement of the Medicare Secondary Payment program.

A House subcommittee late Tuesday passed legislation that would exempt commissions paid to insurance agents from the medical-loss ratio calculation mandated under the healthcare reform law.

American International Group plans to sell its savings and loan out of concerns around restrictions imposed by the so-called Volcker rule, not federal regulation.

It is essential that the Terrorism Risk Insurance Act be extended before it expires at the end of 2014, an official of the Hartford Insurance Group said today before a House Committee.

The latest sale of American International Group stock now underway by the U.S. Treasury means that the federal government has now fully recouped its investment in the company and has already made $15.1 billion on its investment, AIG and Treasury officials said last night.

Legislation imposing sweeping reforms on Californias Workers Compensation system was passed by the state legislature Aug. 31 and sent to Gov. Jerry Brown for his signature.