Regulation/Legislation

Insurance agents and brokers selling annuities to elderly clients must be careful to provide the benefits the annuitant seeks and ignore the need of the agent or broker to obtain commissions. Failure to do so can end a career. Lying to the state regulators has even more consequences.

Louisianas two senators are furthering their quest to forestall flood insurance rate increases by asking President Obama not to nominate the Federal Emergency Management Agency administrator as Homeland Security secretary.

Texas law requires amusement rides are insured but the state has nothing on the books for facilities storing tons of ammonium nitrate. Does that make sense?

A U.S. judge has ruled Federal Reserve Chairman Ben Bernanke should testify in the multibillion-dollar lawsuit by the former chief of AIG, Maurice "Hank" Greenberg, against the United States over the insurer's 2008 bailout.

I sometimes wonder if there isnt an insurance executive or two who ponders whether the industry struck a Faustian bargain when it agreed to partner in the Write-Your-Own program.

Legislation introduced in the Senate late July 25 would give the Federal Reserve Board the authority to tailor capital standards of insurers it oversees to the business of insurance.