Regulation/Legislation

Both supporters and opponents of a new federal oversight system for the insurance sector all found something to like in the Obama administration's white paper proposing sweeping reforms of financial services regulation.

A provision in a bankruptcy court settlement for asbestos injury claimants that barred individual lawsuits against carriers was upheld by the U.S. Supreme Court yesterday.

At a time when charges of age discrimination are soaring, the Supreme Court ruled that a worker has the burden to prove age was a key factor in a negative employment decision.

The leadership of the National Association of Professional Insurance Agents is voicing misgivings about the Obama administration proposal to create an Office of National Insurance.

The Obama administration's financial services regulatory reform proposal, that basically leaves the state insurance regulatory system intact, has drawn a positive response from the National Association of Insurance Commissioners.

California Insurance Commissioner Steve Poizner announced nearly $30 million in grants today to district attorneys in 37 counties for aid in combating workers' compensation fraud.