Regulation/Legislation

A new industry-sponsored academic study finds that the government bailout of American International Group during the financial crisis is no reason for optional or mandatory federal insurance regulation.

Business and personal lines insurers who did not contribute to the financial crisis should not be the target of new consumer protection regulations, an insurance trade group representative told a House committee.

A government watchdog agency report has hit the Federal Emergency Management Agency for lax oversight of the program that has private insurers write policies for the National Flood Insurance Program.

The House Financial Services Committee chairman committed his panel today to passing legislation giving federal regulators authority to liquidate troubled non-bank financial institutions including insurers.

American International Group has paid back about $62 billion of its $183 billion debt to the government, but whether it can repay the full amount is unclear, a government study said yesterday.

Sen. Max Baucus, D-Mont., revealed he has made changes in the language he has proposed as the starting point for health care delivery system reforms, aimed at making care more affordable for low and middle income Americans.