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Florida Approves Rate Hikes for Citizens Property Insurance
Citizens Property Insurance Corp., Florida's state-run insurer of last resort, won approval to raise rates for its high-risk, wind-only accounts.
Date: 11/20/2009     Source: Bestwire

Senate Health Bill to See First Test With Procedural Vote
U.S. Senators will cast their first vote on the chamber's health care plan Nov. 21, on a procedural matter that may determine if the legislation will
Date: 11/20/2009     Source: Bestwire

Update: NAIC Hires Pimco to Model Residential Mortgage-Backed Securities
(Corrects the year in the third paragraph. U.S. insurers owned about 18,000 residential mortgage-backed securities at year-end 2008.) The Nat
Date: 11/20/2009     Source: Bestwire

BestWeek: State Legislators Try to Fend Off Federal Regulatory Effort
The members of the National Conference of Insurance Legislators have been drawing a line in the sand, trying to mark what they contend is appropriate
Date: 11/20/2009     Source: Bestwire

China Market Premiums Rose 9.1% in October
The China Insurance Regulatory Commission said that for the first 10 months of this year, the domestic insurance sector had cumulative original premiu
Date: 11/20/2009     Source: Bestwire

House Committee Votes to Shift Oversight of Insurer-Owned Thrifts
The U.S. House Financial Services Committee approved an amendment to transfer authority over insurance companies that own thrifts from the Office of T
Date: 11/19/2009     Source: Bestwire

NAIC Hires Pimco to Model Residential Mortgage-Backed Securities
The National Association of Insurance Commissioners has hired Pimco, a unit of Allianz SE, as a third-party financial modeler to help state regulators
Date: 11/19/2009     Source: Bestwire

CBO: Senate Health Plan to Cost $848 Billion, Shave Deficit by $130 Billion
U.S. Senate Democrats announced health care legislation that would cost $848 billion over 10 years and reduce the federal budget deficit by $130 billi
Date: 11/19/2009     Source: Bestwire

Aetna Cutting About 625 Jobs; More Cuts to Come Next Year
Aetna Inc. is cutting about 625 jobs companywide and plans a similar amount of work force reductions next year as it continues to shed health plan enr
Date: 11/19/2009     Source: Bestwire

XL Capital Cleared to Set Up Nonlife Insurer in China
The China Insurance Regulatory Commission said it has cleared Bermuda-based global insurance and reinsurance service provider XL Capital Ltd. [58361]
Date: 11/19/2009     Source: Bestwire