Regulation/Legislation

Reports that the Federal Deposit Insurance Corp.

Tucked into 2,000-plus pages of federal financial services reform legislation are just 10 relating to the surplus lines industry, but those pages will put an end to decades of broker frustration, legislative experts say.

Zurich Financial Services Group said its subsidiary, Farmers Group has agreed in principle to a $545 million settlement of a class action lawsuit.

A panel formed to assess the state of coastal homeowners insurance in New York met for the first time earlier this week, with agent and regulatory representatives noting that there remains an affordability issue in some regions in the state.

A key committee of the National Association of Insurance Commissioners late Thursday continued to support allowing health care insurers to pass agents' commissions through to customers.

Rules for payments by the government following a terrorist attack must not impair the ability of property and casualty insurers to recoup federal dollars for