Connecticut State Attorney General Richard Blumenthal yesterday announced that Federal Reserve Chairman Ben Bernanke was wrong when he said Connecticut law prevented him from attempting to recoup American International Group bonus monies.

The closer a carrier's relationships with its independent agents, the more business they send its way, according to a J.D. Power and Associates satisfaction survey.

Florida's government-dominated insurance system needs reform because its current system makes the state less safe and increases the log-term costs to taxpayers, a study by a free market think tank has concluded.

American International Group's plane leasing subsidiary, International Lease Finance Corporation, said its future existence could be in doubt if it is unable to secure funding from its troubled parent or a third-party lender.

The Insurance Federation of North Carolina said it has named Jennifer Cohen, an attorney with government experience, as its new executive director replacing Joe Stewart.

The Obama administration's plans to seek legislation giving it the authority to take over a troubled non-bank financial services company like an insurer is a move to "usurp" the state regulatory and guaranty fund system, an industry lawyer said today.

The market has been buzzing about AIG's insurers alleged under-pricing, but two officials gave the carrier a clean bill of health--of sorts. Did they miss the boat, wonders NU Editor In Chief Sam Friedman in his blog at www.NUSamSoapbox.com.

AccuWeather.com Chief Long-Range and Hurricane Forecaster Joe Bastardi has released a preliminary forecast that suggests fewer landfalls in the United States as well as fewer named storms in the 2009 hurricane season compared to that of last year.