Regulation/Legislation

Kenneth Feinberg, the Obama Administration compensation czar, would not answer questions today after widespread reports that American International Group will pay millions in bonuses next week.

New York's latest proposal for producer compensation disclosure regulations has drawn criticism from risk managers while insurance agents groups mostly support it.

The president of a California insurers' trade group said the state insurance commissioner, by rejecting a hike in workers' compensation insurance rates, isn't facing facts.

Legislation was introduced in the House today to reauthorize and extend the current National Flood Insurance Program past the current Sept. 30 cutoff to March 31, 2010.

Two organizations battling over public policy for natural catastrophes issued competing statements concerning what kind of federal legislation should address the problem.

Illinois Governor Pat Quinn has named Michael McRaith director of the newly formed Department of Insurance.