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Top state insurance commissioners told President Obama in person that they are experiencing challenges and frustrations with federal and international agencies regarding the key differences between banking and insurance regulation, among other issues.

More questions have been raised against NAIC and its role in the marketplace. Is the timing more than coincidence?

More questions have been raised against NAIC and its role in the marketplace. Is the timing more than coincidence?

The International Association of Insurance Supervisors has told the insurance world it will be developing a first-ever risk-based global insurance capital standard by 2016.

The International Association of Insurance Supervisors has told the insurance world it will be developing a first-ever risk-based global insurance capital standard by 2016.

Former Washington D.C. insurance commissioner Lawrence H. Mirel says the National Association of Insurance Commissioners is at a crossroads because it must clarify first what it is, and then work out a system for collaborating with federal regulators in overseeing large, multi-faceted insurance companies with international operations.

International standard-developing bodies have been turning a studied eye towards insurance regulator standards this summer, with the latest move coming from the G-20s Financial Stability Board involving standards for unwinding failing insurers.

The current selection process by the Financial Stability Oversight Council will be ongoing, not a one-time thing, according to the chief advisor to Deloitte Insurance Group.