Regulation/Legislation

Legislation creating a Federal Insurance Office within the Treasury Department was passed by the House Financial Services Committee.

AIG cannot afford to ignore or delay much longer a response to an analyst's challenges to its reserve adequacy in this crucial renewal season, says NU Editor In Chief Sam Friedman on his blog today at www.NUSamSoapBox.com.

Legislation has been introduced in the Senate that would increase home weatherization assistance for low-income homeowners as a means of catastrophic loss abatement.

Sen. Patrick Leahy, D-Vt., said an amendment to repeal the antitrust exemption that exists for health and medical malpractice insurers will be offered during action on proposed health care reform legislation.

Four trade groups representing large insurers have sent a letter to the House Financial Services Committee opposing changes to legislation creating a Federal Insurance Office.

Here we are at the end of another year together. Looking back, these past twelve months fall somewhere between an annus horribilis and an annus mirabilis, with a decided slant to the horribilis side.