Regulation/Legislation

More than two years after Hurricane Ike made landfall at Galveston, Texas, insurers continue to receive claims from the storm, according to the Insurance Council of Texas.

While its chief executive declared that it can "see the finish line" to paying back the Government bailout, AIG proved it can raise money from private investors after announcing a series of multi-billion dollar private sector loan agreements.

Representatives of the insurance industry--both life and property and casualty--are raising strong objections to the Federal Reserve Board's new initiative to make credit insurance subject to strong disclosures through the Truth In Lending Act....

A proposed federal regulation will require health insurers to publicly disclose that they are seeking rate increases of 10 percent or more in the individual and small group markets.

American International Group will pay close to $150 million to settle allegations it under-reported workers' compensation premiums over a 20-year period, ending all regulatory issues in this case.

The Federal Emergency Management Agency is making available a new flood insurance low-cost transitional program for properties that have been newly mapped into high-risk areas due to a flood map revision on or after October 1, 2008.