Regulation/Legislation

Attorney James J. Wrynn, who was recently named head of New York's state-run workers' compensation insurer, is now in line to be the state's new insurance superintendent, NU Online has learned.

The health care insurance industry's main lobbying group asked political leaders to "stop demonizing the industry" for its stance on health care insurance reform and restated objections to any "public plan" offering.

Through these last six months, we've sat back and watched as major American companies, icons and brand-names like Washington Mutual, General Motors and Lehman Brothers, entered a downward spiral and filed bankruptcy.

American International Group's use of affiliate reinsurance is "proper and properly accounted for in accordance with applicable statutory guidance," the company said in response to a critical New York Times article.

Even if the provisions in health care reform legislation that concern the insurance industry and risk managers the most are passed, they would not go into effect for four years, until 2013.

Robert Benmosche, a former chairman and chief executive officer at Metropolitan Life, has been named to head American International Group, replacing CEO Edward Liddy.