Rep. Ed Royce (R-Calif.) makes the case for a strong FIO and downplays the role of the NAIC.

Rep. Ed Royce (R-Calif.) makes the case for a strong FIO and downplays the role of the NAIC.

American International Group is giving a Chinese-based group until the end of July to come up with the money needed to complete a deal to give their investors 90 percent control of AIGs airplane leasing unit.

American International Group is giving a Chinese-based group until the end of July to come up with the money needed to complete a deal to give their investors 90 percent control of AIGs airplane leasing unit.

Ben Nelson, CEO of the National Association of Insurance Commissioners has outlined several concerns with the work of the Federal Insurance Office.

Ben Nelson, CEO of the National Association of Insurance Commissioners has outlined several concerns with the work of the Federal Insurance Office.

The head of the Federal Insurance Office rejects industry and congressional allegations it is somehow conspiring with foreign regulators to establish capital standards that will undermine the competitiveness of U.S. insurers.

The head of the Federal Insurance Office rejects industry and congressional allegations it is somehow conspiring with foreign regulators to establish capital standards that will undermine the competitiveness of U.S. insurers.