At the same time, a legislative aide speaking at the "RIMS on the Hill" conference said current plans are to move updated legislation reforming regulation of the surplus lines and reinsurance markets

WASHINGTON--House members plan to introduce legislation extending the Terrorism Risk Insurance Act and creating an optional federal charter within the next 10 days, members of the Risk and Insurance Ma

WASHINGTON--An optional federal charter for insurers would not eliminate the sort of property insurance marketplace problems that now exist in coastal states, a group of industry officials cautioned la

WASHINGTON--If the government provided businesses with greater incentive to buy private terrorism insurance against additional types of attacks it would reduce the government's potential loss exposure

WASHINGTON--Two separate hearings will be held on flood insurance issues by House committees next Tuesday, one clearly designed to put added pressure on insurers to promptly settle claims still outstan

Insurers had argued for a flexible standard on such "adverse action notices." Had their position been rejected by the high court, the industry could have faced a new wave of class-action lawsuits from

Bi-partisan legislation has been introduced in the U.S. House of Representatives that supporters say creates clear standards to ensure Medicare doesn't inappropriately absorb the cost of injuries

The legislation--"The Fair and Reliable Medical Justice Act of 2007"--will allow states to craft tailored, new alternatives that will speed the resolution of disputes, make patients safer and maintain