Regulation/Legislation

Sen. Chris Dodd, D-Conn., and Sen. Byron Dorgan, D-N.D., both key allies of the insurance industry in Congress, have announced their retirement.

A California appeals court ruled that the state's insurers must compensate consumer advocacy groups when they take action to have a carrier's rates rolled back, even when a settlement is reached without a hearing.

Researchers delivered good news to directors and officers liability insurers who cover defendants in securities class actions, revealing today that the number of actions plummeted 24 percent in 2009, falling to 169 in total.

Leaders from various stakeholder groups will participate in a major health-care summit on January 11.

Georgia Insurance Commissioner John Oxendine announced today that he has launched a criminal probe of M. Clark Fain, III, who headed the now-liquidated workers' compensation insurer Southeastern U.S. Insurance, Inc. (SEUS).

As we bid adieu to 2009, many in the insurance industry are looking to the new year with greater optimism than they might have thought possible this time last year.