A New York state appellate court panel today upheld a lower court decision dismissing an appeal by New York property and casualty insurance agents of a rule requiring agents to make greater discloser of their compensation.

The SEC is considering giving insurers a broad exemption from the Volcker Rule, which restricts financial institutions from engaging in certain kinds of speculative investing.

Every state will have a health insurance exchange when the system is scheduled to be implemented on Jan. 1, 2014, the head of the government bureau implementing the healthcare law says.

AIG says it completed the sale of 14 percent of the stock of its Hong Kong life insurer, AIA Group, Ltd., at the projected price of approximately $6 billion.

American International Group today sold 14 percent of the stock of its Hong Kong life insurer, AIA Group, Ltd., for approximately $6 billion.

The unilateral decision by officials of the National Association of Insurance Commissioners to broaden the use of the System for Electronic Rate and Form Filing to include regulatory purposes is coming under strong fire from industry trade groups.

The U.S. government has asked a federal court to dismiss a lawsuit filed against it by Maurice Greenberg and Starr International on behalf of the shareholders of American International Group.

Both crop insurers and agents are questioning President Obamas 2013 budget proposals to make cuts to subsidies provided to the industry.