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Insurance representatives sitting on three separate panels failed to provide a consensus on what the role of the Federal Insurance Office should be in insurance regulation.

Insurance representatives sitting on three separate panels failed to provide a consensus on what the role of the Federal Insurance Office should be in insurance regulation.

The Treasury Department has announced the 15 members of the Federal Advisory Committee on Insurance (FACI), which is charged with advising the newly created Federal Insurance Officebut state legislators are upset they arent being represented.

Officials of Chubb and Liberty Mutual and consumer advocate Birny Birnbaum are among 15 people named today to the Treasury Departments Federal Advisory Committee on Insurance.

Officials of Chubb and Liberty Mutual and consumer advocate Birny Birnbaum are among 15 people named today to the Treasury Departments Federal Advisory Committee on Insurance.

Marsh & McLennan says third-quarter net income was down 23 percent, or $38 million, to $130 million due to a $72 million charge for early extinguishment of debt.

Marsh & McLennan Companies, Inc. says it has increased its stock buy-back program to $1 billion with the addition of $500 million in repurchase authority.

Marsh & McLennan Companies, Inc. says it has increased its stock buy-back program to $1 billion with the addition of $500 million in repurchase authority.