Regulation/Legislation

Members of Congress are pressuring the CMS to accelerate implementation of a law aimed at speeding claims settlements that require CMS approval.

Pending insurance proposals on Capitol Hill will remain bottled up in the pressure cooker of partisanship that prevents consensus on most legislation.

American International Group has agreed to settle for $970 million a lawsuit that accused the company of misleading investors about its financial condition in the mid-2000s.

New Yorks banking regulator asked Ocwen Financial Corp. for information about an insurance agreement that it says may be designed to funnel fees to an Ocwen affiliate for minimal work.

Editor's Note: This is the first of a three-part series. Future installments will appear in the September and October issues of Claims.

When dealing with Superstorm Sandy claim delays, a key problem was the lack of available flood-insurance adjusters, an industry official said. A N.J. senator, though, says the entire claims process is "tilted against homeowners."