The U.S. Senate’s passage of financial services reform May 20 has drawn the praise of two insurance industry trade groups, both pleased to see that senators deemed property-casualty insurance different than other financial service sectors.

A national independent insurance agents’ group is applauding a U.S. Senate panel for approving an amendment to financial reform legislation freeing its membership from onerous data collection.

Maryland’s Democrat-dominated Congressional delegation praised President Obama‘s State of the Union address for taking on controversial issues, including gays in the military, and not giving up on health care.

Regulatory reform is the top issue in the 2010 Congressional session for the property-casualty industry, according to one trade group.

Senate Democrats have unveiled a comprehensive financial reform bill, calling for “responsibility and accountability” in the financial sector through several provisions, including those affecting the insurance industry.

The simmering debate over how to regulate insurance in this post-AIG bailout 1, 2 and 3, Bernie Madoff scandal and “will-I-have-enough-to-retire-in-20-years? world appears to have taken yet another turn, according …  Read →