Regulation/Legislation

Traditional reinsurance poses no threat to global financial stability, but the industry should still be closely watched because of its peripheral involvement in potentially risky activities, regulators said on Wednesday.

Crop-insurance agents are voicing deep concern about a Senate plan to establish a means test for crop-insurance premiums that would raise rates for some farmers by 15 percent.

Crop-insurance agents are voicing deep concern about a Senate plan to establish a means test for crop-insurance premiums that would raise rates for some farmers by 15 percent.

Floridas last-resort insurer unveiled a plan to raise homeowners insurance rates by an average of 7.5 percentfar below actuarially sound rates in many territories.

A former deputy insurance commissioner in Louisiana has pleaded guilty to two bribery schemesone with an insurance agent and another with a venture capitalist affiliated with the insurance agent.

American International Group will gain approximately $2.1 billion over its initial $5 billion investment in Maiden Lane III when the Federal Reserve Board of New York completes its sale of securities held in the facility.