Industry leaders comment on topics ranging from a series of tornadoes that struck the Dallas-Fort Worth area, to the Financial Stability Oversight Council approving its final rule on systemically significant non-bank financial institutions.
New York state regulators are calling on insurers to justify the rates they change for force-placed insurance coverage and say there is evidence of conflict of interest between bankers and insurers.
With the inaugural meeting of the Federal Advisory Committee on Insurance now in the record books, it is clear that at least initially, the group's focus will reflect FIO Director Michael McRaiths perspective on broad, global themes.
March 22, 2012 marked nine years to the day when Alice Ross, a 71-year-old grandmother, was killed in a no-fault auto insurance fraud scheme, and the day when the New York State Senate passed three bills aimed at stemming the multimillion-dollar stage-and-fraud crime trend.
The first meeting of the Federal Advisory Committee on Insurance has been scheduled at the U.S.Treasury Department, even as interested parties await the report to Congress from Treasurys Federal Office of Insurance.
The first meeting of the Federal Advisory Committee on Insurance has been scheduled at the U.S.Treasury Department, even as interested parties await the report to Congress from Treasurys Federal Office of Insurance.
The Consumer Financial Protection Bureau will propose regulations this year imposing strict limits on force-placed insurance for homeowners, bringing it to a level that an industry expert says it should not be.
The Consumer Financial Protection Bureau will propose regulations this year imposing strict limits on force-placed insurance for homeowners, bringing it to a level that an industry expert says it should not be.