WASHINGTON—Insurance industry representatives said President Obama’s new effort to tax insurers who cede premiums to overseas affiliates is far tougher than previous proposals aimed at low-tax offshore havens. The Obama administration’s concept contained in the budget it released yesterday unleashed withering ... [full story]

The tough economy has led to a decrease in the number of vehicles rated total losses after a crash, according to a provider of collision data processing systems used by insurers and body shops. That finding was one of many in ... [full story]

The National Conference of Insurance Legislators said its upcoming March meeting will keep its focus on fighting proposals in Washington for legislation to create a federal insurance unit. An NCOIL official said the group will continue to express concerns about the ... [full story]

WASHINGTON—Insurance trade groups are asking the House to reject proposed legislation that would end the antitrust exemption afforded health and medical malpractice insurers by the McCarran-Ferguson Act. A group of 10 trade groups, nine representing property and casualty and medical liability ... [full story]