The Treasury Department's authority to preempt inconsistent state laws when concluding bilateral insurance trade agreements with foreign countries will be considerably watered down in final financial services reform legislation.

A recent U.S. Supreme Court decision upholding the right of a municipality to examine the text messages of a public employee has created speculation that the ruling could set a precedent for private employers or others.

Improvements in analytic capabilities allow companies to get the best price for their insurance and allow prudent risk transfer choices, but risk managers need to share the information they glean with upper management, insurance brokers at Marsh said.

A federal judge has granted final approval to a settlement of up to $712.5 million for workers' claims against the World Trade Center Insurance Company.

American International Group Inc. (AIG) has outlined a plan meant to retain and attract executives as it works to repay the government, which owns about 80 percent of the company.

State Farm will visit Kentucky on Tuesday to speak with longtime nemesis, former attorney Richard "Dickie" Scruggs.

The property insurance take-up rate for terrorism insurance continues to rise as 61 percent of companies surveyed by insurance broker Marsh purchased the coverage.

Barclays President Robert Diamond Jr. had some strong opinions on reforming financial services regulation at the annual Lloyd's New York City dinner. For a recap, see NU Editor Sam Friedman's blog at www.NUSamSoapBox.com.