Insurance agents who support creation of a federal charter for insurance lashed out at the National Conference of Insurance Legislators (NCOIL) for being misleading when it told members of Congress that premium taxes would be lost if a federal insurance charter is created.

Unaudited financial results released this week showed the Federal Reserve earned billions in interest income from credit extended to AIG and two of its life insurance subsidiaries, AIA Aurora LLC and ALICO Holdings LLC.

Proposed changes in U.S. accounting standards aimed at bringing them in line with those used by European firms would "radically transform" the accounting methodology used by property and casualty and life insurers.

The American Bankers Association is calling for "wholesale" overhaul of the National Flood Insurance Program (NFIP), including providing incentives for the private market to assume a greater role.

Rep. Michele Bachmann, R-Minn., plans to introduce legislation repealing the Dodd-Frank financial services law, calling it "misguided" and a "blatant abuse of power."

The Department of Health and Human Services is being criticized for allegedly interfering with National Association of Insurance Commissioners' deliberations on

The American Bankers Association is calling for "wholesale" overhaul of the National Flood Insurance Program, including providing incentives for the private market to assume a greater role.

Regulatory initiatives dealing with implementation of the financial services reform law, and such old business as providing certainty to the NFIP will keep p&c insurance industry lobbyists extremely busy this year.