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U.S. Sen. Susan Collins attempted to clarify her amendment to the Dodd-Frank Act last week through statements to a Senate committee and the introduction of legislation, moves that Moody's says is credit positive for systemically important insurers.

U.S. Sen. Susan Collins attempted to clarify her amendment to the Dodd-Frank Act last week through statements to a Senate committee and the introduction of legislation, moves that Moody's says is credit positive for systemically important insurers.

The uproar over actuarial rates on flood-insurance policyholders through a 2012 law appears to be on its way to resolution in the short-term, and this is not a moment too soon for a beleaguered property and casualty insurance industry.

The uproar over actuarial rates on flood-insurance policyholders through a 2012 law appears to be on its way to resolution in the short-term, and this is not a moment too soon for a beleaguered property and casualty insurance industry.

The U.S. risk council is looking to determine whether Warren Buffett's Berkshire Hathaway Inc could be systemically important, a tag that would subject it to stricter regulatory oversight, Bloomberg reported, citing two people familiar with the matter.

Roy Woodall, the independent insurance expert on the FSOC, spoke critically of the council's approach to its review of insurance companies as systemically risky, saying it does not provide the necessary direction, clarity or transparency to stakeholders.

Roy Woodall, the independent insurance expert on the FSOC, spoke critically of the council's approach to its review of insurance companies as systemically risky, saying it does not provide the necessary direction, clarity or transparency to stakeholders.

The U.S. Chamber of Commerce on Monday called for changes to the U.S. financial risk council that could slow the process by which it designates large financial firms as "systemic," subjecting them to tougher supervision.