E&S/Specialty

The head of a House committee said he will hold a hearing to probe allegations that Federal Reserve Bank of New York officials told American International Group not to disclose information about bailout arrangements.

New York Gov. David A. Paterson's call for reviving the New York Insurance Exchange has met with generally positive reviews with some agent associations saying they would welcome participating in the process.

Vermont officials reported that despite the weak economy last year growth continued strong for the licensing of captive insurers in the state.

Insurance actuaries have the nation's best jobs, according to the Careercast.com Web site that annually rates occupations based on hiring outlook, work environment and other factors.

The head of MarketScout, the electronic insurance exchange, said the firm's composite rate index for property and casualty insurance was down 4 percent at the close of calendar-year 2009, but he predicted an upswing for this year.

While battles over health care reform got most of the headlines here this month, Congress tackled a host of other issues of keen interest to property and casualty insurers and producers.