The Council of Insurance Agents and Brokers is urging the Federal Insurance Office to use its authority to change the current insurance regulatory system, either through the states or through federal means.
The Treasury Department will hold a public hearing Dec. 9 to gain industry views on what it should recommend in an upcoming report on modernizing and improving insurance regulation.
The Treasury Department will hold a public hearing Dec. 9 to gain industry views on what it should recommend in an upcoming report on modernizing and improving insurance regulation.
An independent insurance-agents’ group is protesting a program where buyers of new GM automobiles receive a one-year auto-insurance policy at no extra cost through MetLife, but MetLife says the plan complies with state regulations.
A controversial auto buying program promoted by GM and MetLife has been fully vetted and is in compliance with insurance regulations, MetLife and state regulators say.
Roy Woodall’s nomination as the independent member with insurance expertise on the Financial Stability Oversight Council (FSOC) is being welcomed by the insurance industry—but don’t expect him to immediately be able to play a role there.
Florida is once again given the lowest ranking of all states from The Heartland Institute. Its state-created property insurance carrier drew heavy criticism.
State-based insurance regulation has performed admirably through the U.S. economic crisis, and the turmoil in the financial markets should not be seen as a reason for implementing federal regulation
The battle lines began to take shape last week over legislation to create a federal insurance "information office" within the Treasury Department, in what promises to be a tough fight over what might