Regulation/Legislation

Rules for disclosure of compensation arrangements between insurance brokers and surplus lines insurers are ill defined, according to an industry trade group representative.

A doctors' group that complains it has been shut out of President Obama's health care summit tomorrow said the president's proposals won't provide the health reform the country needs.

Beecher Carlson brokerage has agreed to refund $90,000 to Massachusetts customers settling allegations it placed coverage with insurers without telling clients that carriers were paying a fee.

The American Bar Association said it expects more than 150 of the nation's top insurance company and policyholders' counsel to attend its Annual Insurance Coverage Litigation Committee CLE Seminar next month.

The House overwhelmingly approved legislation repealing the antitrust exemption afforded health insurers through the McCarran-Ferguson Act--but further action on the legislation is unlikely.

Life insurance industry representatives attacked proposed health care legislation today that would tax mid-to-upper income individuals on income earned from annuities and other investments.