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James A. Goodman was named the president of the Professional Insurance Agents of Connecticut during the group's annual conference yesterday in Mashantucket, Conn.

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 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.

The National Association of Insurance Commissioners Executive Committee has voted to revisit the controversial issue of insurers' use of consumers' credit information to determine their rates.

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.

The ranking minority member of the Senate Banking Committee signaled today that plans for a general overhaul of financial services regulation should involve considering federal insurance industry oversight.

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

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.