Regulation/Legislation

Trade groups representing the life, property and casualty, and reinsurance industries are asking the Treasury Department to defer indefinitely federal oversight of institutions deemed systemically risky.

If the Dodd-Frank Act had been in place years ago, regulators probably still would not have intervened to stop problems at American International Group’s Financial Products unit, three former U.S. financial regulators said earlier this month.

Montana lawmakers intent on decreasing workers' compensation insurance rates said that a Republican-backed deal favored by many businesses will need to be reworked in the Senate.

Massachusetts Attorney General Martha Coakley is pressing state regulators to reject auto insurer Progressive Corp.'s plans to hike the rate for commercial customers by 23.5 percent.

Markup of legislation that would impose federal limits on medical liability lawsuits was delayed on Wednesday, when Republicans on the House Judiciary Committee challenged the constitutionality of the proposed legislation.

Members of the House Financial Services Committee are drafting letters to federal regulators asking that designation of any insurer as systemically risky be delayed until insurance experts are in place to help with the process.