Regulation/Legislation

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.

While Standard & Poors recent downgrade of U.S. long-term sovereign debt is not expected to have a meaningful direct impact on property and casualty insurers, the indirect impact of the downgrade, as a reflection of economic uncertainty, could be more significant and could prolong the soft market cycle, according to...

The insurance industry is trying to build support for Senate bill provision establishing minimum requirements for state-graduated driver licensing.

Troubles experienced by some mortgage insurers could present opportunities for better-capitalized competitors, but those companies will have to demonstrate the ability to maintain regulatory compliance, Moody’s says.