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Senate Democrats inched closer toward passage of financial services reform legislation today when Sen. Scott Brown, R-Mass., said he would vote for the measure.

A Congressional subcommittee will hold a hearing Wednesday on whether Congress should tighten rules dealing with the tax deduction taken by insurers who cede premiums to overseas affiliates, including reinsurers.

Louisiana Gov. Bobby Jindal signed a bill preventing insurance companies from cancelling the policies of homeowners who have found the corrosive material in their houses.

Nearly $100 million in Massachusetts's hurricane risk has been transferred to the capital markets thanks to a catastrophe bond issuance provided by Munich Re.

Louisiana Gov. Bobby Jindal signed into law a measure prohibiting insurance companies from dropping coverage of homeowners with Chinese drywall.

Marsh said it is offering clients and prospects real time benchmarking analytics to help risk managers maintain effective and competitively-priced insurance programs.

The National Conference of Insurance Legislators (NCOIL) said it finalized language pertaining to a Model Conduct Annual Statement Model Act (MCAS), but put off a final vote until its meeting in November.

Corporate risk managers are generally dissatisfied with the level of service they get from both brokers and insurers, and very few of these insurance providers distinguish themselves in the marketplace, a consulting service survey found.