Regulation/Legislation

In a historic Christmas Eve vote, the Senate passed healthcare reform legislation setting the stage for intense negotiations between the House and Senate, but insurance industry officials feel there is much to be concerned about.

The Mississippi Insurance Department is transferring $19 million to the Mississippi Windstorm Underwriting Association to help stabilize coastal homeowners insurance rates.

Insurance industry officials say they are encouraged by the Senate Banking Committee's leadership that work is progressing on bipartisan financial services reform legislation, and the committee hopes to resolve remaining issues before January.

Insurers challenged the results of a report from the Massachusetts Attorney General that questions the state's relatively new auto insurance "managed competition" system.

The officers of the National Conference of Insurance Legislators said a National Association of Insurance Commissioners coordination proposal would weaken state authority.

Was the stubbornly soft market, reform efforts on health care and financial services regulation or developments at AIG the biggest p&c news story of 2009? Go to www.property-casualty.com to respond to NU's Reader Poll.