Regulation/Legislation

Proposed changes to New Jerseys personal injury protection coverage would benefit insurers from a credit perspective as reforms would reduce legal expenses and clarify medical reimbursement for specific injury types, according to Moodys.

Fridays decision by an appeals court panel on the healthcare law ensures that the Supreme Court will be the ultimate arbiter of the laws constitutionality, but otherwise further muddies the water as to what benefits employers will have to provide to their employees, industry officials said.

Billionaire investor Warren Buffett is calling on the so-called "mega-rich" to pay more in taxes.

The Treasury Department confirmed late Wednesday that the Financial Stability Oversight Council plans to re-proposewith greater detail on the process and frameworkthe principles it will use in designating nonbank financial companies as systemically significant.

Rating agency A.M. Best Co. says the deal reached in Washington to raise increase the U.S. debt ceiling does not get rid of uncertainty regarding the credit quality of U.S. government debt.

Troubled guaranty insurer Ambac Financial Group Inc. reports its net loss increased by $45 million driven by several factors including lower net premiums.