Once upon a time, both banking and insurance were synonymous with security, stability and strength. For banks, that image has been tarnished by risky schemes like that perpetrated by JPM.
The directors & officers liability market is an unpredictable, mispriced and likely under-reserved mess of cases waiting in many courts. And while rates are up in this sector, observers say that isnt enough to tip the scales.
Insurance-brokerage fees for bank-holding companies were up more than 14 percent over the first three quarters of 2011, but the two major bank-owned P&C brokers saw their fees drop over the period.
The Federal Deposit Insurance Company has proposed a rule clarifying that a mutual insurance holding company qualifies as an insurance company under the Dodd-Frank act, and thus is not subject to the FDICs orderly liquidation authority.
The Federal Deposit Insurance Company has proposed a rule clarifying that a mutual insurance holding company qualifies as an insurance company under the Dodd-Frank act, and thus is not subject to the FDICs orderly liquidation authority.
A House subcommittee will hold a hearing Wednesday and the main subject will be three pieces of legislation sought by state regulators seeking to severely roll back federal authority to oversee insurance companies gained in the 2010 Dodd-Frank financial services reform law.
A House subcommittee will hold a hearing Wednesday and the main subject will be three pieces of legislation sought by state regulators seeking to severely roll back federal authority to oversee insurance companies gained in the 2010 Dodd-Frank financial services reform law.