Regulation/Legislation

American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid taking a bailout in a future crisis.

Detroit overcame efforts by bond insurers that might have slowed its plan to exit bankruptcy before the end of the year, while the judge on the case said he was open to taking a bus tour to see what shape the citys in.

Hartwig examines how the insurance industry should react to natural disasters.

Federal housing regulators are being urged to sue insurers and mortgage servicers over alleged overcharging for force-placed insurance on troubled homeowners during the housing crisis.

Sen. Schumer says the House's TRIA bill is a "backwards approach." Industry groups worry about the impact on availability. But most are relieved there is at least progress in renewing the program that expires Dec. 31.

A divided House Financial Services Committee advanced to the House floor today legislation that sets a path to phase out, after five years, the federal backup for terrorism risk insurance for attacks except for NBCR events. Legislation establishing NARAB was attached to the bill.