Regulation/Legislation

Although the need for a federal bailout of the troubled American International Group created demands for strong federal regulation of insurance, to this point the industry appears to have preserved state oversight for property and casualty carriers.

Healthcare reform legislation viewed as more positive to insurance agents than earlier versions, cleared a critical hurdle in the Senate early this morning, setting the stage for Senate passage as early as Christmas Eve.

House passage of financial services reform legislation is drawing a mixed response from the property and casualty insurance industry.

When Michael Turk, senior consultant for Towers Perrin, pulled together figures for his firm's annual directors and officers liability insurance survey back in 2007, something just didn't seem right.

Insurers are increasingly offering products and promoting behavior that address the growing risk of climate change.

The credit ratings of Hartford Financial Services Group and its key operating subsidiaries have been affirmed by Moody's Investors Service.