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The idea was discussed prior to the fall NAIC meeting last month, and then floated before the NAIC's executive committee, according to Mr. Sevigny. Subsequently, eight commissioners have been looking

Wells Fargo--which is in the process of acquiring Wachovia Corp., a firm that generated $422 million in insurance revenue in 2007--reported that insurance brokerage fees increased 33 percent, while

U.S. bank holding companies increased their total insurance revenue by 9.5 percent to $23.7 billion in the first half of 2008, up from $21.7 billion during the same period last year, a new report

While voicing support for New York's regulatory initiative to improve contract certainty, the Risk and Insurance Management Society is seeking details on what penalties will be invoked for

AIG last week agreed to freeze distributions from a $600 million employee compensation and bonus pool, as well as severance and other payments promised to its former chief executive officer and the

The country's economic meltdown, fueled by a subprime mortgage crisis that prompted chaos on Wall Street and nearly destroyed American International Group, was the dominant topic of discussion at a