Risk Management

Federal Reserve Board Chairman Ben Bernanke defended his agency's actions in bailing out American International Group and asked the Government Accountability Office to conduct a study of its decisions involving AIG.

Controversial compensation disclosure rules proposed by the New York State Insurance Department could still spark a lawsuit if that agency fails to make changes, an agent group said.

Congressional negotiators on a health care measure have indicated that they hope to present a compromise bill sometime this week to the Congressional Budget Office for a final evaluation of its costs.

Sen. Charles Grassley, R-Iowa, ranking minority member of the Senate Finance Committee, has asked officials to detail how an American International Group executive who resigned is entitled to a multimillion-dollar severance agreement.

Treasury Secretary Timothy Geithner has been scheduled to testify before a House committee concerning controversial dealings between the Federal Reserve Bank of New York and American International Insurance.

A new Scottish court decision means insurers with exposure in the United Kingdom Scottish market face potentially elevated asbestos claims costs, which is a credit negative, Moody's Investors Service said.

State legislatures around the nation will likely not enact any major reforms to their workers' compensation laws this year, an insurer's representative predicted at an industry conference.

U.S. insurers should be proactive in developing improved solvency practices given the expected change in the regulatory landscape, said Donald Light, senior analyst for Celent insurance group.