Regulation/Legislation

Insurance agents are voicing dismay over health care reform legislation passed by the House of Representatives on Nov. 7, and expressed hope that a more acceptable product would be produced by the Senate.

P&C insurance groups raised a number of objections to sweeping financial services regulatory reform legislation unveiled in the U.S. Senate last week...

Surety bond insurers are up in arms over a provision in the House health care reform legislation that waives a bond requirement for most pharmacies that provide durable equipment to Medicare beneficiaries.

Michael McGavick, chief executive officer of XL Capital urged insurers who believe in American-style capitalism to take part in the "profound debate" about financial reform now underway in Washington.

Senate majority leader Harry Reid, D-Nev., has set the stage for a key vote on the Senate version of health care reform legislation on Tuesday, a move indicating he is likely to unveil the bill Monday.

Auto insurance claim frequency is rising, in some cases precipitously, as gasoline prices have declined from the high levels seen in 2008, according to regulators and two large insurers.