Regulation/Legislation

European insurance regulators are making progress in developing an approach to determine whether European and U.S. regulatory systems are equivalent, according to officials of the American Insurance Association.

The Maryland legislature has rejected legislation that would have imposed an outright ban on the use of credit information in rating automobile insurance.

Standard & Poor's has upgraded AIG's long-term counterparty credit rating and raised its stand-alone credit profile five notches to reflect the federal government's financial support for the company.

Pulling-the-plug-on-grandma scenarios. The N-word and other ugly epithets. Shouts of "baby killers." Vanquished politicos exhorting mobs, "Don't Retreat, Reload." Bricks crashing through windows of congressional offices.

Florida's top insurance regulator told his bosses at the March 23 cabinet meeting that the state's property insurance market remains fragile despite no hurricanes hitting the state of Florida for the last four years.

The health insurance industry has notified federal officials it will comply with a health care reform law provision requiring them to cover children with pre-existing medical conditions within six months.