Regulation/Legislation

North Carolina Gov. Bev Perdue has signed legislation designed to reform operation of the state's property insurer of last resort with provisions to ensure the plan's continued solvency.

Attorneys will be in federal court in Chicago on Monday to discuss management of a prospective class-action for more than 500 insurers, which accuses American International Group of civil racketeering and fraud.

NU Associate Editor Mark Ruquet talks about the lack of informed, respectful debate outside a healthcare reform town hall meeting this week and invites reader feedback at www.NUSamSoapBox.com.

The death of Sen. Edward Kennedy, D-Mass. could put Sen. Tim Johnson, D-S.D., an advocate for giving insurers a federal charter option, in line to become the new chairman of the Senate Banking Committee, sources said.

Two Florida commercial and personal lines insurers with 18,000 policyholders have been ordered into liquidation, it was announced.

Louisiana's state-backed homeowners insurer has secured permission to appeal a $95 million judgment against it over Hurricane Katrina claims without having to post a bond in that amount.