WASHINGTON--A House committee is redrafting the proposed SMART Act insurance law to shorten it and give home-state regulators sole enforcement authority under standards set by Congress, the National Un
The House panel's request stems from settlement talks between Colorado Deputy Insurance Commissioner Erin Toll and LandAmerica, which are aimed at reaching an agreement relating to her department's pr
Sen. Lott has been at odds with the industry since Hurricane Katrina, which heavily damaged his home and saw him clash with his carrier over the claim. He filed suit against his insurer, State Farm, l
WASHINGTON--Sen. Arlen Specter introduced a revised version Friday of his legislation aimed at limiting asbestos injury litigation by creating a special $140 billion fund for claimants, nearly a third
"A catastrophic attack would put significant pressure on the [group life] industry," Gregory Serio said here during a panel discussion at the annual meeting of the Association for Advanced Life
Take a deep breath. An optional federal charter for insurers--or any other legislation impinging on state regulation--will not be enacted this year. Beyond that, in this election year, it is unclear
WASHINGTON--A consumer advocate told a congressional panel yesterday that lawmakers "must act to remove or sharply reduce" the financial incentives for title insurance companies, title agents and other
The senator said he personally believes that a measure drafted in the House--the State Modernization and Regulatory Transparency Act (SMART)--is a "good, workable approach," providing some sort of feder
The study, titled "Title Insurance: Preliminary Views and Issues for Further Study," was released yesterday by the GAO through Rep. Mike Oxley, R-Ohio, House Financial Services Committee chairman. Rep
Under the IRS' ruling the exemption applies only to nonlife insurance companies with "gross receipts" for the taxable year that do not exceed $600,000, if premiums make up more than 50 percent of gros