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.
Congress may not fully address the renewal of the Terrorism Risk Insurance Act before the scheduled expiration of the law at the end of 2014, Marsh & McLennan Cos. warns.
The Financial Stability Oversight Council will meet Thursday amid signs that the first designation of an insurer as systemically significant is imminent.
The Financial Stability Oversight Council will meet Thursday amid signs that the first designation of an insurer as systemically significant is imminent.
The head of the Insurance Information Institute says in the wake of the bombing tragedy at the Boston Marathon that the stability of the terrorism risk insurance market is contingent on sustaining a federal terrorism risk insurance backstop.
The head of the Insurance Information Institute says in the wake of the bombing tragedy at the Boston Marathon that the stability of the terrorism risk insurance market is contingent on sustaining a federal terrorism risk insurance backstop.
The Financial Stability Oversight Council (FSOC) on April 3 approved the final regulation governing the factors it will use to determine whether an insurer is systemically significant.
