Regulation/Legislation

The head of W.R. Berkley Insurance Co. testifying at a Senate hearing on the future of insurance regulation voiced support for creation of a "independent" federal insurance regulator as the best means of regulating property-casualty insurance.

The blurred line between social and business networking, creates challenges; the technology gives insurance agencies and companies marketing opportunities with a new base of clients, a panel of users said.

The leadership of the Senate Banking Committee urged overseers of the (TARP) to investigate why AIG paid back investors in troubled AIG mortgage security offerings on a dollar-for-dollar basis even though the securities had not yet defaulted.

The Nebraska Supreme Court has upheld language in a directors and officers liability insurance policy that excludes protection against actions by a regulator.

The National Association of Professional Insurance Agents said it will hold its 27th annual Federal Legislative Summit April 1--2 in Washington and lobby Congressman for continued support of state insurance regulation.

Members of Congress reacted to payment of bonuses to employees of American International Group after the firm took U.S. bailout money by disclosing plans to introduce legislation that would claw back the bonuses through punitive taxes.