Regulation/Legislation

A bill introduced in the U.S. House of Representatives would prohibit insurers from canceling or non-renewing homeowners insurance policies with houses containing Chinese drywall.

The National Association of Insurance Commissioners has won significant changes to legislation creating a Federal Insurance Office, giving state regulators more say in its operations.

Pennsylvania regulators said they will take legal action against Kingsway Financial Services, Inc. over its attempt to shed its ownership of troubled Pennsylvania insurer, Lincoln General Insurance Company.

Federal Reserve officials woefully underestimated the potential cost of bailing out American International Group, according to a report issued by the Office of the Special Inspector General for the Troubled Asset Relief Program.

The Florida Department of Highway Safety and Motor Vehicles, Division of Driver Licenses has issued an advisory regarding a glitch in the Division's database.

Consumer groups have chided the National Association of Insurance Commissioners' efforts regarding credit-based insurance scoring, saying regulators have ignored the credit issue.