Regulation/Legislation

Leaders comment on the House's 30-day NFIP extension, force-placed insurance, and more.

Bond insurer Ambac Assurance Corp. received permission from its Wisconsin regulator to purchase surplus notes the company issued in 2010, but did not get permission to pay interest on the notes.

Two New York State senators are considering hearings on the split of MBIA after banks raised questions about the move during a hearing in Manhattan.

New York State regulators intend to expand their review of insurance coverages beyond force-placed insurance programs, according to Benjamin M. Lawsky, superintendent of Financial Services.

The Federal Reserve Bank of New York said on Thursday it has postponed the latest sale of mortgage-backed assets from the Maiden Lane III portfolio, which it acquired as part of a rescue package for the giant U.S. insurer AIG.

The chief executive of Hole-In-Won.com has been charged with insurance fraud in Montana after failing to pay prize money to a tournament participant who shot a hole-in-one almost two years ago.