Regulation/Legislation

The Nevada Division of Insurance announced it has redesigned and added new features to its Web site in an effort to promote ease of use for consumers and regulated entities.

General Re Corp. has settled charges for $12.2 million that it aided schemes by American International Group and Prudential Financial, Inc. to falsify financial reports, the Securities and Exchange Commission announced.

Federal Reserve Board Chairman Ben Bernanke defended his agency's actions in bailing out American International Group and asked the Government Accountability Office to conduct a study of its decisions involving AIG.

Controversial compensation disclosure rules proposed by the New York State Insurance Department could still spark a lawsuit if that agency fails to make changes, an agent group said.

Congressional negotiators on a health care measure have indicated that they hope to present a compromise bill sometime this week to the Congressional Budget Office for a final evaluation of its costs.

Sen. Charles Grassley, R-Iowa, ranking minority member of the Senate Finance Committee, has asked officials to detail how an American International Group executive who resigned is entitled to a multimillion-dollar severance agreement.