There is an "inherent conflict of interest" in having private insurance companies determine who is responsible for paying wind-versus-water damages following hurricanes--the insurer or the National

While state commissioners have reservations about federal legislation reforming regulation of surplus lines and reinsurance--especially the reinsurance provisions--their association understands Congress

WASHINGTON--Industry groups have filed a brief urging the Rhode Island Supreme Court to overturn a lower court ruling allowing lead paint manufacturers to be sued for damages based on state public nuis

WASHINGTON--The Government Accountability Office in a report released today recommended that Congress give the Federal Emergency Management Agency greater authority to scrutinize private insurers' hand

WASHINGTON--Advocates of optional federal chartering for insurers are looking for a new champion in the Senate after a prime supporter was given a new committee assignment, insurance industry sources s

WASHINGTON--Concerned that bond insurers' weakness will raise borrowing costs for state and local government, members of a House committee said today they will hold a hearing next month to examine whe

Rep. Barney Frank, D-Mass., who chairs the House Financial Services Committee, said the group will address an OFC for life insurers before dealing with the more controversial issue of an OFC for prope

WASHINGTON--Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee, committed himself yesterday to "examining" legislation that would reform regulation of the surplus lines and reinsurance