The International Association of Insurance Supervisors has told the insurance world it will be developing a first-ever risk-based global insurance capital standard by 2016.

A caustic exchange between a key congressional staffer and an industry lobbyist indicates the insurance industrys deep concerns about prompt congressional action to renew TRIA are not misplaced.

Insurance companies that own or operate a savings & loan will face fresh oversight from the Federal Reserve Board, which is creating a process by which to examine those financial institutions that have significant banking assets.