Regulation/Legislation

Through television, radio, newspapers and websites, the American people are again aware of the health care issue that divides our country.

The current focus of regulatory scrutiny may be a leading indicator of which industry sectors will be targeted for future securities lawsuits, a former plaintiffs' lawyer said recently.

The fallout from Republican Election Day victories could result in a lot of "noise" about health care reform, but few substantive changes to the existing legislation, industry officials and analysts said.

Property and casualty insurance companies do not pose a systemic risk to the U.S. financial system and should not be subject to federal supervision, the American Insurance Association said in a comment letter to the Financial Stability Oversight Council.

American International Group posted a $2.4 billion third-quarter loss on restructuring-related charges of $4.5 billion, as its chief executive boasted of solid insurance operating results.

Republican takeover of the House will likely put an end to efforts to curb use of credit scoring as an underwriting tool by property and casualty insurers, according to an industry official.