Regulation/Legislation

A probe of credit rating agencies was announced by the California Attorney General's Office right before his targets were called on the carpet during the National Association of Insurance Commissioners conference last week.

The Florida Office of Insurance Regulation and the Bermuda Monetary Authority have signed a memorandum of understanding, Florida Insurance Commissioner Kevin McCarty said.

A bill aimed at helping small veteran-owned contractors obtain surety bonding is harmful rather than helpful, an official of the Surety & Fidelity Association told a congressional panel.

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 remains uncertain, an official study concluded last week.

The nation's insurance regulators after a hearing examining the flawed performance of the rating agencies left unresolved what their next move will be.

The nation's insurance regulators ended their latest look at the use of consumer credit records as an underwriting factor by declaring they need more information.