Personal Lines

The National Association of Insurance Commissioners (NAIC) climate risk disclosure survey of insurers is a valid request for information, two regulators said after the concept was attacked by a think tank.

Consumer advocate and former insurance regulator J. Robert Hunter today said in congressional testimony that the federal government should take over capital, surplus and solvency regulation of insurance.

The Obama administration has advised a key congressional panel that it "strongly opposes" adding windstorm coverage to the National Flood Insurance Program.

Aviva North America announced that Richard Hoskins has been appointed chief financial officer and executive vice president.

A New York research group announced that a study has found banks with some insurance activity had 2008 median net income nearly 70 percent higher than banks without insurance involvement.

The Michigan State Supreme Court in October will hear arguments over a regulation that would ban insurers' use of credit information as a factor in determining premiums.

American International Group Chairman and Chief Executive Officer Edward Liddy told a congressional panel today he hopes AIG can repay all money owed the government within three-to-five years.

American International Group's game plan going forward is to establish "separate identities" for its "best businesses" and to shut down its financial products unit, company Chairman and CEO Edward Liddy is expected to tell a House panel tomorrow.