The Law Commission and Scottish Law Commission have invited responses to their proposals for the reform of the law of insurable interest by 11 April 2008.

The Law Commissions have considered the need for insurance law reform in the area of insurable interest because of the complexity of the statutes and caselaw governing this area. What constitutes an insurable interest is not clearly defined and varies between different types of insurance and jurisdiction....

China Life Says 2007 Profit Soared

China Life Insurance Co., the nation's biggest life insurer, said Tuesday its 2007 profits soared 95 percent to about $5.5 billion on strong growth in premiums and investment income.

China Life earned 38.8 billion yuan as revenue rose 29.9 percent to 191.4 billion yuan ($27.1 billion), the company said.

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Aguirre worked for year to require insurance coverage for autism

Steven Ugol turned 5 on Saturday. As his mother, Char, prepared for his birthday festivities, she had other reasons to celebrate. Thanks to a bill she set in motion almost a year ago, beginning in June of next year insurance companies in Arizona will be forced to cover the costs of treatment for children like her son, who've been diagnosed with autism. Gov. Janet Napolitano signed the bill, known as "Steven's Law," on Friday. Ugol's effort began last July with e-mails to legislators. One those e-mails went to Sen. Amanda Aguirre, D-Yuma. "She wasn't a constituent," Aguirre told The Sun. But Ugol's appeal tugged at Aguirre's heart strings and the senator set to work a year ago to craft a bill requiring insurance companies to cover the cost of treatment for autistic children. As a health care professional, she had worked with a child with autism in the early 1980s. "At the time, we knew little about it," Aguirre said.