President Barack Obama has stated he intends to present a proposal to Congress for a major overhaul of the regulatory apparatus governing financial services by April. The president has not taken a public position on
New York Insurance Superintendent Eric Dinallo, in a wide-ranging interview with National Underwriter staff, said while he can support creation of a national Office of Insurance Information, if
New York Insurance Superintendent Eric Dinallo, in a wide-ranging interview with National Underwriter staff today, said he can support a move for a national Office of Insurance Information, but if
WASHINGTON--Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, said today that he will work with another House committee chairman to draft legislation that would create a
Indeed, if insurance is addressed at all next year, the focus of the incoming Obama Administration and federal banking regulators will be on the life insurance side of the business, not
WASHINGTON--Congressional approval of federal regulation for insurance appears unlikely for 2009, and an optional federal charter may never be created, the head of the Federal Deposit Insurance Corp. i
Congressional approval of federal regulation for insurance appears unlikely for 2009, and prospects for an optional federal charter in the long term are dim--particularly for property-casualty firms,
WASHINGTON--Hartford Insurance Group announced it plans to acquire a Central Florida thrift, and simultaneously applied for a thrift charter and federal aid under the government's capital purchase prog
Congress and the outgoing Bush administration are exploring whether to expand the Federal Deposit Insurance Corp. to guarantee insurance products if an optional federal charter is approved down the
In the wake of the subprime mortgage crisis and the now unfolding unprecedented global credit crisis, the public has been exposed to severe weaknesses in the global financial system. With the