The Treasury Department's authority to conclude bilateral trade agreements on insurance with foreign countries will be considerably watered down.

The U.S. government is likely to suffer a loss on its investment in American International Group.

House and Senate negotiators added at the last moment a tax on large financial institutions, including insurers, before completing work early today on sweeping financial services legislation.

As prosperity rises in China so does the need for insurance, and the nation needs greater risk transfer penetration as it shares an unusually large burden in catastrophe risk, according to a report released by Munich Re.