The Obama White House this week undid a Bush administration policy that used federal regulations to undermine various state health, safety and environmental laws. Many of the federal regulations limited the ability of injured consumers to sue companies in state …
The Obama administration is studying a long-discussed proposal to create a U.S. agency that would protect consumers who buy financial products, possibly as part of a major package of reforms, congressional aides said on Tuesday. The proposal, offered as legislation …
While President Obama may believe the stars are aligned for major health reform this year it is far from certain whether Congress will pass a bill that works. The groups that are most likely to unravel this effort are not …
Congressional Republicans today unveiled a health care reform plan they hope will compete with what Democrats are planning to offer. U.S. Senators Tom Coburn, M.D., of Oklahoma, and Richard Burr, of North Carolina, along with U.S. Representatives Paul Ryan of …
Neal S. Wolin has been confirmed by the U.S. Senate to serve as the deputy secretary of the U.S. Department of the Treasury. In February, Wolin was named deputy assistant to the President and deputy counsel to the President for …
The Supreme Court said Monday it would decide a constitutional challenge to the 2002 law that created a national board to oversee U.S. public company auditors. The justices agreed to review a ruling by a U.S. appeals court that upheld …
Allstate Corp., the largest publicly-traded U.S. home and auto insurer, said it will not take funds from the government’s Troubled Asset Relief Program, after winning eligibility last week to do so. Chief Executive Thomas Wilson said on Tuesday the Northbrook, …
At the annual conference of the Association of Managing General Agencies (AAMGA) now underway in Boca Raton, Florida, attendees are very much attuned to what’s going on up north in Washington, D.C. What do AAMGA members think about what’s going …
Lobbyists for property/casualty insurance agents have elevated health care reform to the top of their political agenda. P/C agents have addressed health insurance legislation in the past but the issue has taken on new urgency for several reasons. First, after …
Government approval for billions of dollars in taxpayer bailout funds for life insurers is dividing the industry into haves and have-nots, with Ameriprise Financial Incand possibly others rejecting the government’s helping hand. The sector’s finances have improved during months of …
