The New York State Insurance Department and the Autoridade Monet?ria de Macau- Macau's insurance regulator - have reached a memorandum of understanding which will allow for closer cooperation between the two regulators.
As a one-year mandatory medical malpractice rate freeze is set to expire at the end of June, interested stakeholders wait to see if state leaders will come up with a plan to address the state's worsening market.
As discussions heated up over whether to give Washington broad authority to regulate insurers posing systemic risks to the economy, the controversy cooled somewhat last week over retention bonuses paid to players at AIG's Financial Products unit.
There is no evidence AIG is engaged in predatory pricing of its property-casualty business, the U.S. Government Accountability Office and Pennsylvania's insurance commissioner told Congress last week.
The Government Accountability Office and Pennsylvania insurance commissioner told Congress today that there is no evidence American International Group is engaged in predatory pricing of its property-casualty business.
New York Insurance Superintendent Eric Dinallo was hit with withering criticism from the leadership of the U.S. Senate Banking Committee as he tried to defend the role of state regulators in
American International Group, in a confidential gloom-and-doom discussion paper obtained by National Underwriter, has warned government regulators that unless it is kept afloat, there would be
The "strictly confidential" document--titled "AIG: Is the Risk Systemic?"--has undergone several drafts. The one obtained by NU Online was dated Friday, March 6, and was prepared with government
WASHINGTON--Sen. Robert Menendez, D-N.J., asked federal and state regulators today to look into whether American International Group was able to use government bailout monies to engage in unfair price