Regulation/Legislation

The National Governors Association expressed concern in a letter to Treasury Secretary Jacob Lew about Decembers Federal Insurance Office regulatory modernization report and its role in the larger state vs. federal regulation debate.

General Motors Co. Chief Executive Officer Mary Barra pushed yesterday to separate herself from an old GM that weighed the costs of improved safety, insisting shes the face of a new GM that puts customers first.

General Motors Co. Chief Executive Officer Mary Barra pushed yesterday to separate herself from an old GM that weighed the costs of improved safety, insisting shes the face of a new GM that puts customers first.

While flood insurance might represent the biggest growth opportunity for private carriers in years, its no certainty the industry would be eager or even willing to take on a greater share of such exposures unless conditions are established to give them a reasonable chance of making a profit.

As cyber-security concerns rise, interest in insurance is up and legislators are trying to pass laws. But some groups are making sure privacy issues are adequately addressed before lawmakers go too far.

MetLife Inc., the largest U.S. life insurer, will pay $60 million after New York watchdogs found subsidiaries solicited business in the state without a license and made intentional misrepresentations to regulators.