Regulation/Legislation

The ranking minority member of the Senate Banking Committee signaled today that plans for a general overhaul of financial services regulation should involve considering federal insurance industry oversight.

The Nebraska Supreme Court has upheld language in a directors and officers liability insurance policy that excludes protection against actions by a regulator.

The blurred line between social and business networking, creates challenges; the technology gives insurance agencies and companies marketing opportunities with a new base of clients, a panel of users said.

The National Association of Insurance Commissioners yesterday held the first session of a new panel designed to create a uniform process for monitoring how insurance companies operate in the marketplace.

The leadership of the Senate Banking Committee urged overseers of the (TARP) to investigate why AIG paid back investors in troubled AIG mortgage security offerings on a dollar-for-dollar basis even though the securities had not yet defaulted.

Members of Congress reacted to payment of bonuses to employees of American International Group after the firm took U.S. bailout money by disclosing plans to introduce legislation that would claw back the bonuses through punitive taxes.