News

A New York independent insurance agent's association dug in its heels in opposing the state Insurance Department's new producer disclosure regulation but is making further preparations to educate producers about the rule when it takes effect Jan. 1.

Investigators contacted more than 888 employers, visited 435 work sites, and issued 70 Stop-Work Orders.

The Senate Commerce, Science and Transportation Committee approved legislation that would offer grants to states that enact laws prohibiting texting and using a handheld device while driving.

An agreement has been reached to settle workers' claims against the World Trade Center Insurance Company for more than $712 million, a $125 million increase over a settlement nixed by a federal judge in March.

The U.S. government's decision to bail out American International Group poses an "extraordinary risk to taxpayers," according to a new Congressional Oversight Panel report that questions whether the government will ever get all its money back.

Congress Thursday afternoon launched its effort to reconcile different versions of financial services reform legislation, with the goal of putting a final bill on President Barack Obama's desk before Independence Day.