WASHINGTON—A measure to modernize and reform regulation of the nonadmitted market, otherwise known as surplus lines, was reintroduced yesterday in the House. The bill (H.R. 2571) is sponsored by Rep. Dennis Moore, D-Kans., and Rep. Scott Garrett, R-N.J. It has 20 ... [full story]

Most property-casualty and life insurers find growing and keeping business their biggest challenge and are reacting to the recession by increasing cash allocation and strengthening risk management, a survey finds. The research was reported by the Louisville, Ky.-based Insurance Asset Outsourcing ... [full story]

The Obama administration's sweeping fuel-economy and emissions initiative announced Tuesday reopens a fierce debate over tradeoffs between fuel economy and auto safety. The government says no tradeoff exists, because nothing in the new rules would force automakers to sell more ... [full story]

WASHINGTON—This year's Atlantic hurricane season should feature near-normal activity, the National Oceanic and Atmospheric Administration said Thursday. There is a 70% chance that nine to 14 named storms will form during the 2009 Atlantic hurricane season, which begins June 1 ... [full story]

Dozens of state insurance regulators have descended on Congress, to urge that any federal insurance regulatory reforms should keep in place and build on the existing state-based regulation model. The nation’s state-based regulatory system, the regulators said in a statement, “has ... [full story]