The National Association of Insurance Commissioners (NAIC) plans to release a draft white paper on Chinese drywall problems by the summer, the association's Catastrophe Insurance Working Group was told.

The NAIC has put on hold its National Insurance Supervisory Committee proposal, which would have seen regulators develop uniform standards with the threat of federal intervention for states that did not comply.

Regulators should work with the insurance industry to eliminate confusing contract language that challenges even skilled lawyers, a consumer representative said.

Insurance regulators, in a surprise move, have voted to let insurers file their climate risk disclosure survey responses on a voluntary, confidential basis.

The May 1 deadline for insurers to complete a climate risk disclosure survey may now have to be delayed to June or July, a key regulator said.

State legislators and insurance regulators at a conference have agreed to work together to find state-based solutions to modernize certain areas of insurance regulation.

The Hartford Financial Services Group Inc. has completed its previously announced equity and debt offerings, part of the insurer's plan to repay the $3.4 billion it borrowed from the Treasury under the Troubled Asset Relief Program.

The Professional Insurance Agents of New York (PIANY) said it will not join a lawsuit challenging the legality of the New York State Insurance Department's producer compensation disclosure regulation.