Regulation/Legislation

A proposal to allow the Treasury Department to enter into "international agreements" on solvency measures is drawing strong objections from state insurance regulators

A bill to strip medical malpractice and health insurers of their limited federal antitrust immunity passed a key House committee last week, although an amendment grants "safe harbors" for joint compilation of historic loss data.

The bill approved by the House Judiciary Committee repealing health and malpractice insurers' limited exemption from antitrust laws will not impact health insurers' credit ratings, said Moody's Investors Service.

American International Group said in a filing with the Securities and Exchange Commission that it has paid $12.1 million in past-due executive retention payments, including $4 million to four top employees.

Health care reform legislation that will go to the Senate floor next week will include a government insurance plan, Senate Majority Leader Harry Reid, D-Nev., announced.

Most program business insurers believe gross premium volume for their segment totals at least $20 billion, but a growing subset now has doubts that they are actually writing that much as a group, a survey reported.