Regulation/Legislation

The U.S. House of Representatives plans to speed up consideration of a measure to reform regulation of surplus lines insurance and reinsurance, industry lobbyists say.

California Insurance Commissioner Steve Poizner has announced a settlement of four lawsuits that provides the liquidation estate of failed workers' compensation insurer Fremont Indemnity Company with up to $37.3 million.

A House Republican financial regulation plan unveiled last week would require congressional authorization for aid to troubled non-bank financial institutions such as American International Group, but would not disturb state insurance regulation.

Lincoln Insurance Group said today in a securities filing it will seek to raise $2.1 billion in additional capital, including $900 million through the government's Troubled Asset Relief Program and an additional $600 million in a securities offering.

A sentence in the implementation guide of the National Association of Insurance Commissioners' (NAIC) proposed Model Audit Rule has been altered to clear up responsibility for auditing insurance company subsidiaries.

American International Group and Starr International Co. Inc. squared off in federal court today over a block of AIG's stock owned by Starr International.