Regulation/Legislation

Insurance industry leaders and trial lawyers dont often agree. However, reforming New York States no fault insurance law is something that both of them can get behind, though there is disagreement on how that exactly can happen.

The International Association of Insurance Supervisors on Thursday unveiled what it envisions as a uniform capital framework for internationally active insurers, or global systemically important insurers.

Insurance companies often invoke a policys cooperation clause to compel a policyholder to share privileged defense information even after the insurance company has reserved the right to deny coverage at a later date.

Frenchman Jean Tirole of the University of Toulouse won the 2014 Nobel Prize in Economic Sciences for his work on how governments can better regulate industries that lack competition.

Former Federal Reserve Chairman Ben Bernanke is set to retake the witness stand in a lawsuit accusing the government of imposing illegally harsh terms in the bailout of American International Group Inc., capping a week of testimony from the architects of the insurers 2008 rescue.

Oct. 9 (Bloomberg) -- American International Group Inc.’s unique set of risks was seen by one of the primary orchestrators of its rescue as requiring…