Personal Lines

Treasury Secretary Timothy Geithner's cautious statements of support for an optional federal charter for insurers is provoking reactions pro and con from property-casualty insurance company trade groups.

The New York State home insurer of last resort said it will expand offerings by offering coverage for a wide variety of additional perils it does not currently insure.

National Underwriter's Property & Casualty Web site has changed.The new URL is www.Property-Casualty.com--complete with enhanced options to give readers more opportunity to access NU content and offer feedback.

The Obama administration today asked Congress for authority to create a federal regulator with authority to administer large insurance companies.

Connecticut State Attorney General Richard Blumenthal yesterday announced that Federal Reserve Chairman Ben Bernanke was wrong when he said Connecticut law prevented him from attempting to recoup American International Group bonus monies.

Florida's government-dominated insurance system needs reform because its current system makes the state less safe and increases the log-term costs to taxpayers, a study by a free market think tank has concluded.

The Insurance Federation of North Carolina said it has named Jennifer Cohen, an attorney with government experience, as its new executive director replacing Joe Stewart.

Standard & Poor's Ratings Services, citing reduced capital levels, said yesterday that it has revised its outlook on Berkshire Hathaway Inc. to negative from stable.