Regulation/Legislation

Ebix Inc. says it and an affiliate of Goldman Sachs Group Inc. decided to cancel their planned merger after U.S regulators started an investigation into allegations of misconduct at Ebix, an insurance software provider.

With insurance industry support, the New York City Council Committee on State and Federal Legislation on June 17 proposed a resolution supporting the extension of the Terrorism Risk Insurance Act.

Rep. Ed Royce (R-Calif.) makes the case for a strong FIO and downplays the role of the NAIC.

American International Group is giving a Chinese-based group until the end of July to come up with the money needed to complete a deal to give their investors 90 percent control of AIGs airplane leasing unit.

Berkshire Hathaway has agreed to a request by the Securities and Exchange Commission to refine its disclosure of catastrophe and other losses.

The Federal Emergency Management Agency says it will not give West, Texas additional funds requested by the state's governor.