Search Results

The House plans to speed up consideration of a measure to reform regulation of surplus lines insurance and reinsurance, insurance lobbyists say.

WASHINGTON--Congress may act quickly on legislation creating stronger resolution authority oversight for troubled financial institutions deemed "too big to fail."

Federal authorities need legislation to give them legal authority to step in when a huge non-bank company like American International Group gets into financial difficulties, Treasury Secretary Timothy Geithner told Congress today.

Treasury Secretary Timothy Geithner's cautious statements of support for an optional federal charter for insurers is provoking reactions pro and con from property-casualty insurance company trade groups.

The Obama administration's plans to seek legislation giving it the authority to take over a troubled non-bank financial services company like an insurer is a move to "usurp" the state regulatory and guaranty fund system, an industry lawyer said today.

WASHINGTON--Federal regulators lack the power to deal appropriately with insurers and other non-banking institutions that get into the kind of financial trouble that can pose grave risks to the entire

In a report on global financial reform the Washington-based think tank, Group of Thirty, calls for the creation of a national regulator for banking and insurance in nations like the United States

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