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Eight industry trade groups supporting an optional federal insurance charter told key members of Congress in a letter yesterday that financial services regulatory reform should include a dedicated federal insurance regulator.

Last week, the chairs of key Senate and House committees promised President Obama they will work together to have legislation on his desk by year's end creating a "new, more robust regulatory framework" for financial services firms.

A bill introduced in Congress yesterday establishing some federal regulation over the insurance industry has drawn opposition from an insurance agents group while the two major insurers are supporting the move.

Legislation to impose some federal regulation on insurers and create a federal insurance charter mechanism has been introduced by two House members who said the American International Group meltdown underscores the need for their measure.

Federal Reserve Board Chairman Ben Bernanke told House members last week it would be a "useful idea" to create a federal charter option for insurers, "particularly for large, systemically critical

WASHINGTON--Federal Reserve Board Chairman Ben Bernanke told House members today it would be a "useful idea" to create a federal charter option for insurance companies, "particularly for large,

Anyone predicting a top-10 story list for 2008 back in late 2007 would have likely put the passage of federal surplus lines reform on the list. But it didn't make the list simply because it didn't

WASHINGTON--The National Council of Insurance Legislators said its annual meeting next month will discuss ways to turn around the ailing economy and to map out a future regulatory structure for financi