Regulation/Legislation

American International Group (AIG) said it will issue about 75 million warrants so shareholders with stock in the company, as of Jan. 13, will have the opportunity to buy common stock at $45 per share.

A bill that will allow captive insurers in New Jersey passed both houses and is on its way to Gov. Chris Christie for signing, which is expected to happen this month.

Minnesota Gov. Mark Dayton appointed attorney Mike Rothman as head of the state's Commerce Department. He will start Jan. 12.

Emphasizing the need for a new approach to state government, New York's new governor is seeking a radical realignment of the way the state does business, including folding the Department of Insurance in with two other agencies.

A report from the Office of Inspector General in the Department of Homeland Security urged the Federal Emergency Management Agency (FEMA) to collect $643 million

To deal with a record deficit, New York's new governor is looking to make cuts in state government, and he is eyeing the state's insurance department as one area to promote efficiency.