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.

In terms of insurance losses, the blizzard that hit the northeast over the holiday weekend is less severe than snowstorms affecting the same area earlier this year, according to officials at the Insurance Information Institute.

A proposed federal regulation will require health insurers to publicly disclose that they are seeking rate increases of 10 percent or more in the individual and small group markets.

Representatives of the insurance industry--both life and property and casualty--are raising strong objections to the Federal Reserve Board's new initiative to make credit insurance subject to strong disclosures through the Truth In Lending Act....

The Federal Emergency Management Agency is making available a new flood insurance low-cost transitional program for properties that have been newly mapped into high-risk areas due to a flood map revision on or after October 1, 2008.

After many months of wrenching debate, Democrats in March finally succeeded in getting health care reform legislation to the finish line.

Rep. Dennis Moore, D-Kansas, has introduced legislation in Congress with strong support from the reinsurance industry that would create a federal license for reinsurers.

Passage of comprehensive financial services reform legislation that for the first time gives the federal government some voice in regulating the property and casualty insurance industry was clearly a major milestone.