Insurance industry trade groups are praising a Minnesota Senate decision earlier this week to pass a more limited "bad faith" damages bill that they called a "reasonable alternative" to a version pend

"We feel positive about the potential that Gov. Perdue will sign it," said Julie Pulliam, public affairs director of the American Insurance Association's southeast region. But, she noted, he has a len

WASHINGTON--The U.S. Chamber of Commerce has issued a statement of principles on insurance reform, opposing rate regulation but taking no stand as to whether future regulation should be state- or feder

Support is growing, at least in the House of Representatives, for parallel federal regulation of bond insurers because of the upheaval in the municipal bond market caused in part by carriers

The National Conference of Insurance Legislators has rejected an effort to encourage states to adopt laws prohibiting municipalities from charging fees when police or fire departments respond to an

A guidance to be issued by the Internal Revenue Service next week will require payment of an excise tax on property-casualty insurance premiums every time the money is ceded to foreign insurers and

Federal legislation designed to streamline nonresident insurance agent and broker licensing has the strong support of two of the country's biggest producer groups, along with qualified backing from

The amendment, introduced by Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee, if enacted would leave the estate tax at the 2009 level with a $3.5 million individual exemption and a