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Industry representatives made their case to a Senate committee that "bank-centric" rules should not apply to federally regulated insurers, but others warned against providing a "wholesale carve-out" for insurers that could lead to systemically risky behavior.

The uproar over actuarial rates on flood-insurance policyholders through a 2012 law appears to be on its way to resolution in the short-term, and this is not a moment too soon for a beleaguered property and casualty insurance industry.

The uproar over actuarial rates on flood-insurance policyholders through a 2012 law appears to be on its way to resolution in the short-term, and this is not a moment too soon for a beleaguered property and casualty insurance industry.

As Americas real estate crisis slowly recovers, more than 14 million properties remain vacant or abandoned. There are several types of environmental risks associated with these lonely properties.

The global insurance watchdog has launched a consultation on how to set up a new system making key firms hold enough capital to avoid a collapse that would pose a risk to the financial system.

The global insurance watchdog has launched a consultation on how to set up a new system making key firms hold enough capital to avoid a collapse that would pose a risk to the financial system.

Roy Woodall, the independent insurance expert on the FSOC, spoke critically of the council's approach to its review of insurance companies as systemically risky, saying it does not provide the necessary direction, clarity or transparency to stakeholders.

Roy Woodall, the independent insurance expert on the FSOC, spoke critically of the council's approach to its review of insurance companies as systemically risky, saying it does not provide the necessary direction, clarity or transparency to stakeholders.