WASHINGTON "The National Association of Insurance Commissioners has won significant changes to legislation creating a Federal Insurance Office, giving state regulators more say in its operations. The new language is contained in a manager’s amendment to the bill agreed to Tuesday. ... [full story]

Health care reform legislation unveiled by the Senate Democratic leadership last week does not kill the federal antitrust exemption for health and medical malpractice carriers, but that step could be taken in an amendment during floor debate. The bill does not ... [full story]

A federal court ruling holding the Army Corps of Engineers, and the U.S. government by extension, liable for damage in New Orleans caused by Hurricane Katrina is unlikely to have much effect on the property-casualty industry, an Insurance Information Institute ... [full story]

NEW YORK (Dow Jones)--The Atlantic Hurricane season, which officials ends Nov. 30, will go into the record books as the quietest since 1997, due to the impact of the El Nino weather phenomenon, forecasters at Colorado State University said Thursday. ... [full story]