Regulation/Legislation

A report by the Special Inspector General for the Troubled Asset Relief Program sharply criticized the Treasury Department for failing to rein excessive pay for top executives of companies that received government bailouts through the Troubled Asset Relief Program.

Last weeks order by New Jerseys governor standardizing the rebuilding codes along the states coast in the wake of Superstorm Sandy will help speed the process of rebuilding, but agents say property owners are just beginning to learn the implications it may have on their reconstruction decisions.

A new study by the Consumer Federation of America lauds State Farm as a company that is successful in the highly competitive personal-auto market without the need to use highly discriminatory factors in setting rates.

Starr International and Maurice Hank Greenberg have no more than a 20 percent chance of winning damages in their lawsuit claiming that that the government acted punitively against American International Groups shareholders when it bailed out insurance giant in September 2008, AIGs lawyers say.

Ben Nelson echoed the sentiments of the National Association of Insurance Commissioners' leadership in his first public press conference as new CEO of the organization by casting the desired relationship with the federal government as one of a partnership, not one allowing incursion, pre-emption or even dual regulation.

Insurance interests in Washington are both publicly and privately ecstatic over the decision of the National Association of Insurance Commissioners to name former Nebraska Sen. Ben Nelson as its new chief executive officer.