The saga of American International Group is one of the biggest stories of the decade, and the implications of its descent and eventual government bailout, to the tune of some $180 billion, are likely to reverberate long into the next decade.

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.

Allstate Insurance Co. is beefing up its presence in Washington, D.C., hoping to further education for members of Congress on regulatory issues it supports.

The problems of the U.S. Department of Homeland Security should serve as a cautionary tale a federal takeover of insurance regulation, according to a new white paper.

Mark Boozell

“The resulting …  Read →

Rather than implement an optional federal charter or sweeping regulations, the Obama Administration is proposing a national office of insurance to oversee the industry.

Today (June 17), President Barack Obama unveiled …  Read →

Virginia Rep. Eric Cantor told a group of independent insurance agents in Washington, D.C., that Congress should be “helping small business right now, not imposing more burdens on them.”

Eric …  Read →

As the Obama Administration gets closer to a plan for financial services regulatory reform, the American Council of Life Insurers is reiterating its stance that those efforts should include an …  Read →

A recent opinion piece in the New York Times has lead New York regulators to request more information about “unregulated insurance markets” and credit default swaps from Allstate Corp.

Thomas …  Read →

Groups are lining up on both sides now that two members of Congress have formally introduced a bill seeking to create an optional federal charter through an Office of National …  Read →

An alternative to the weaknesses inherent in federal and state regulation of insurance might be the concept of “competitive federalism,” an insurance industry expert suggested recently.

Martin F. Grace, professor of …  Read →