State regulators, legislators and even a consumer advocate group expressed alarm last week over efforts in Congress to usurp some insurance oversight power, warning that federal lawmakers are going too far in preempting local authority over the industry....

Compromise legislation proposed by the Obama administration and Rep. Barney Frank would give federal banking regulators broad authority over large, troubled insurers, stirring concern within the property and casualty industry and among state officials....

The chief executive officer of the Property Casualty Insurers Association of America warned his members last week to beware of a “divide and conquer” strategy in Washington when it comes to nailing down regulatory and health care reform....

Florida CFO Alex Sink urged carriers at an industry conference last week to consider entering her state’s huge, hurricane-prone homeowners insurance market, pledging to work together with them to craft a less hostile regulatory environment....

C.V. Starr & Company—headed by Maurice Greenberg, the former boss of American International Group—strongly denied that the managing general underwriter is busy looting staff from AIG....

American International Group was highly critical of a special master’s decision to slash payments for its top employees by 91 percent for the remainder of the year....

Three independent agencies that stuck to their core missions of proactive client service and managing the cost of risk not only kept their heads above water but maintained a growing bottom line....