Regulation/Legislation

The full House is unlikely to debate financial services reform legislation until the first week of December, Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, said.

Legislation to repeal the antitrust exemption for health and medical malpractice insurers "will have no significant effect" on premiums charged for private health insurance, the Congressional Budget Office reported.

The chief executive officer of the Property Casualty Insurers Association of America warned his members last week to beware of a "divide and conquer" strategy in Washington when it comes to nailing down regulatory and health care reform.

Florida CFO Alex Sink urged carriers at an industry conference last week to consider entering her state's huge, hurricane-prone homeowners insurance market, pledging to work together with them to craft a less hostile regulatory environment.

American International Group was highly critical of a special master's decision to slash payments for its top employees by 91 percent for the remainder of the year.

The Senate's vote to continue the National Flood Insurance Program for only 46 days is drawing criticism from an insurance group.