News

The House voted today to impose a 90 percent tax on bonuses paid to employees with family incomes above $250,000 at companies that have received at least $5 billion in government bailout money.

California Insurance Commissioner Steve Poizner announced he will hold a hearing April 28 in San Francisco to investigate "why medical costs are skyrocketing in the workers' compensation system."

Concerned about their reputation, more major companies globally are investing substantial resources to manage their reputation risk and have increased their efforts to do so, according to a new report from The Conference Board.

The NAIC Executive Committee has voted to appoint a staff designee to the IAIS Executive Committee to bring consistency to NAIC messages to the IAIS.

The National Association of Insurance Commissioners gave final approval yesterday to a climate risk disclosure survey that has received mixed support among the insurance industry.

Maurice "Hank" Greenberg, the former chief executive of American International Group, said the executives who recently received bonuses do not deserve them because they lost money for the company.