The bi-partisan measure, that would replace individual state agent licensing, was sponsored by Rep. David Scott, D-Ga., and Geoff Davis, R-Ky., has nine Democrats and seven Republicans as original

New regulations governing bond insurers that the New York Insurance Department is drafting will mandate greater transparency into the risks the sector is guaranteeing, New York Insurance Superintenden

WASHINGTON--Sen. Hillary Rodham Clinton, D-N.Y., who is pushing to add wind coverage to the National Flood Insurance Program, has written the chairman of the Senate Banking Committee, urging him to sup

Legislation expanding the Liability Risk Retention Act to include property insurance exposures as a means of providing more affordable catastrophe coverage in coastal states will be introduced within

Edward Pasterick, a senior aide in the Federal Emergency Management Agency's mitigation unit, said federal legislators may simply renew the existing program--which is due to expire on Sept. 30--and

The 1986 federal law creating risk retention groups currently limits them to providing liability insurance. They are structured as corporations or limited liability associations that function as capti

Ambac Financial Group today dropped plans to split the bond insurer into two companies and instead announced it would raise $1.5 billion in new capital, eliminate its dividend and stop insuring risky

WASHINGTON--Jobs in the insurance industry and related areas dropped 2.3 percent in February compared to January, the Bureau of Labor Statistics reported today, but the sector still has 16,000 more emp