Regulation/Legislation

Insurance industry representatives told a key legislator that higher penalties for auto accident fraud and greater use of claims arbitration is essential to stabilize New York's no-fault system.

Insurance trade groups are asking the House to reject proposed legislation that would end the antitrust exemption afforded health and medical malpractice insurers by the McCarran-Ferguson Act.

The National Conference of Insurance Legislators said its upcoming March meeting will keep its focus on fighting proposals in Washington for legislation to create a federal insurance unit.

Insurance industry representatives said President Obama's new effort to tax insurers who cede premiums to overseas affiliates is far tougher than previous proposals aimed at low-tax offshore havens.

Property and casualty insurers could easily be trapped in the "wave of political populism" sweeping the country in the wake of the nation's economic and leadership crises, an insurer association leader warned.

CNN talk show host Larry King -- he of the ubiquitous and colorful suspenders -- is, by all accounts, pretty savvy