Regulation/Legislation

Rep. Barney Frank, D-Mass., defended the Dodd-Frank Act, saying Repubicans critical of the bill acknowledged it was necessary.

Citizens Property Insurance Corp. plans to eliminate homeowners coverage on roughly 7,500 coastal homes valued at $2 million or more and reduce the amount of homeowner liability coverage in a measure designed to reduce the size of the state-backed insurer and corresponding risk to Florida taxpayers.

In the aftermath of a major catastrophe, recovery will require the government and the private sector to work together. And input from the insurance industry is needed, say state officials.

U.S. corn and soybean growers will pay lower rates from crop insurance in 2012 -- down by an average 7 percent for corn and 9 percent for soybeans, the federal overseer said.

In litigation, the best defense is the one someone else pays for

FIO study of insurance regulation could be flawed