Regulation/Legislation

Florida lawmakers' moves to provide a federal backstop to the state's severely underfunded Hurricane Catastrophe Fund are running into strong headwinds.

President Barack Obama said the bailout of American International Group was necessary to prevent an economic meltdown of the financial system but added he shared the exasperation many feel over the move.

A four-year-old legal battle in Michigan over the state regulator's attempt to ban insurer use of credit scoring may be headed to the State Supreme Court after a judge's recent ruling in favor of carriers that oppose the prohibition.

In case someone hasn't gotten the message, the decision of the Obama administration to administer the toughest kind of love possible to the automobile industry shouldn't be lost on the insurance community.

Financially troubled Bermuda-based surety insurer Syncora Holdings Ltd. has been delisted from the New York Stock Exchange and will no longer file as a publicly traded company, the firm announced.

Cutting-edge technology and evolving business strategies will be revealed to insurers, reinsurers, producers and other insurance industry-related professionals attending the 2009 ACORD LOMA Insurance Systems Forum.