Regulation/Legislation

Private companies must prepare to disclose details of their risk management because of their dealings with public firms, executives said.

A bill opposed by insurers that would have banned credit-based insurance scoring in Wisconsin never made it out of committee before the end of the legislative session.

The Louisiana State Senate has passed a bill banning insurers from canceling homeowners and commercial property coverage because of Chinese drywall claims.

A House panel has reported out flood insurance legislation and two other bills dealing with natural catastrophes, but only the flood program has unanimous industry backing.

American International Group is "stable," primarily as a result of a huge infusion of government financial aid, the Government Accountability Office said in a new report.

CFO Alex Sink has released a letter to Insurance Commissioner Kevin McCarty, noting recent actions by the OIR and seeking comments on upcoming activity regarding property insurers.