In the face of public anger, and legislators anxious to produce a fix, the insurance industry was able to influence the course of financial reform legislation largely to its liking.

H.R. 5569, a temporary reauthorization of the National Flood Insurance Program (NFIP), will land on President Barack Obama’s desk in the coming days.

The bill was passed late Wednesday 237 to 192, and goes on to the Senate, which is not expected to act until later this month.

The bill's ultimate fate remains a cliffhanger as Senate leaders announced they would not consider it until after the holiday recess.

The boards believe the amendments would improve the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with U.S. GAAP and IFRS.

Standard Poor's Ratings Services issued a statement today charging that the fundamental structure of the U.K. life insurance sector is changing. Life insurers over the next few years will have to adapt their business models at both the local and European levels to accommodate changes due to economic weakness and regulatory changes, notes the rating agency. Market consolidation could accelerate and product economics could be reappraised, with renewed attention on distribution models, notes S&P.

In ruling, justices vote to uphold primary tenets of Sarbanes-Oxley Act.

While the House is still expected to pass the bill, it's unclear if Democrats still have enough support to enact it.

INN announces the results of its fifth annual program recognizing the distinct and outstanding accomplishments and contributions of women in the insurance industry.

For every agency or industry participant that appeared to gain in the bill, there also was a significant downside.

Wide-ranging legislation creates a Federal Insurance Office with limited preemptive powers.

The resolution of issues means the bill is now complete and will return to the full House and Senate for votes next week, where it is expected to pass.

Short-term extension would keep the troubled National Flood Insurance Program operational until September.

A new tax on British insurance purchases creates a challenge for insurer IT departments to respond in a timely fashion.

Conferees yesterday couldn't agree to final language that would make it harder for federal regulators to preempt state consumer protection laws.

A constellation of insurance regulators and executives were on hand at the White House for an event marking the 90-day anniversary of the signing of the Affordable Care Act.

Seeking to trim cost of package, senators seek to add six-month benefit extension.

New PWC survey finds FASB's push to have all financial instruments marked-to-market would be at odds with most investors' preferences.

Results of vendor-sponsored survey show decreased collaboration and e-discovery investment since 2009.

The committee still has to tackle issues surrounding derivatives oversight, consumer protection, interchange fee regulation and risk retention.