Federal catastrophe reserving legislation is re-emerging with William White, the District of Columbias insurance, banking and securities commissioner, telling fellow regulators that a bill is expected to be introduced this fall.
As the U.S. Financial Stability Oversight Council run sup again a deadline to make a decisions on the appealed designation of Prudential Insurance as a systemically important financial institution, one member of the group says some of his colleagues don't seem to understand how insurance works.
As the U.S. Financial Stability Oversight Council run sup again a deadline to make a decisions on the appealed designation of Prudential Insurance as a systemically important financial institution, one member of the group says some of his colleagues don't seem to understand how insurance works.
One of the gaps in state insurance regulation is in the area of insurers use of captives, Federal Insurance Office Director Michael McRaith said in a closed meeting with state insurance regulators, staff and leadership of the National Association of Insurance Commissioners.
International standard-developing bodies have been turning a studied eye towards insurance regulator standards this summer, with the latest move coming from the G-20s Financial Stability Board involving standards for unwinding failing insurers.
State insurance departments are showing growth in budget levels over the past few years, according to the just-released National Association of Insurance Commissioners report.
State insurance departments are showing growth in budget levels over the past few years, according to the just-released National Association of Insurance Commissioners report.
The National Association of Insurance Commissioners is advocating for more flexibility for its regulated U.S. insurers to operate both subsidiaries and branches in foreign countries without international supervision favoring the former over the latter.