American Council of Life Insurers

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  NAIC CEO Nelson 'Ready to Fight Immediately' for State Regulation

  By Elizabeth D. Festa  |  April 9, 2013

  National Association of Insurance Commissioners CEO Ben Nelson, and a group that says it is poised to defend state regulation, upped the rhetoric against federal insurance supervision while at an event here.

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  Sen. Collins Takes Industry-Supported Stance in Clarifying Intent of Her Dodd-Frank Amendment

  By Elizabeth Festa, PropertyCasualty360.com  |  November 28, 2012

  It was not Congress’ intent that federal regulators “supplant state-based regulation with a bank-centric capital regime,” Sen. Susan Collins, R-Maine, says in a Nov. 26 letter to Federal Reserve Chairman Ben Bernanke and other U.S. banking regulators.

• U.S. Insurers Must Set Aside More Capital for Mortgages—Regulator

  By Reuters  |  October 29, 2012

  Insurers must set aside more capital against their mortgage-related investments to protect against possible future downturns in the housing market, state regulators agreed on Friday.

• New Global Insurer Association Seeks to Present Unified Industry Voice on International Matters

  By Elizabeth Festa, PropertyCasualty360.com  |  October 9, 2012

  The Global Federation of Insurance Associations, a group of 31 associations representing 87 percent of the insurance business globally and much of the U.S. industry, formally established itself as an association and held its first meeting today in Washington at the headquarters of the American Council of Life Insurers.

• U.S. Insurers Concerned With Global Regulators' Direction

  By Arthur D. Postal and Elizabeth Festa  |  September 7, 2012

  Two property and casualty insurance trade groups contend proposed international supervisory standards must be rethought because they would impose an unjustified additional layer of regulatory restrictions on global insurance companies.

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  Insurance Groups to Launch Opposition to Expected McCarran-Ferguson Repeal Amendment

  By Arthur D. Postal, PropertyCasualty360.com  |  March 15, 2012

  The insurance industry and the National Association of Insurance Commissioners are mobilizing to thwart an effort to add an amendment repealing the McCarran-Ferguson Act to legislation scheduled to be taken up by the House Monday.

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  U.S. Government Responds to Greenberg's AIG Lawsuit

  By Arthur D. Postal, PropertyCasualty360.com  |  March 2, 2012

  The U.S. government has asked a federal court to dismiss a lawsuit filed against it by Maurice Greenberg and Starr International on behalf of the shareholders of American International Group.

• California Commissioner, Trade Groups Reach Settlement on Iran Investment

  By Arthur D. Postal, PropertyCasualty360.com  |  January 30, 2012

  The California Insurance Department has dropped its efforts to force insurers to end their investments in Iran.

• NAIC’s Plan for Risk, Solvency Assessment Tests Gains Steam

  By Denise Tessier  |  December 1, 2011

  As part of its Solvency Modernization Initiative (SMI), the National Association of Insurance Commissioners over the last 15 months has been developing requirements for all insurance companies regulated in the U.S. to conduct an Own Risk and Solvency Assessment (ORSA) and report their enterprise risk management (ERM) practices and related...

• Insurer Groups Criticize Brazil Restrictions on Foreign Reinsurers

  By Arthur D. Postal, PropertyCasualty360.com  |  November 23, 2011

  The U.S. insurance industry, both property casualty and life, is urging Brazil to stop restricting reinsurance access to only domestic reinsurers in one of the world’s leading emerging markets for insurance.

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  Enacting ERM Regulation

  By Denise Tessier  |  November 22, 2011

  What ORSA means for insurers and their ERM practices.

• Date Set for Woodall’s FSOC Confirmation Hearing

  By Arthur D. Postal, PropertyCasualty360.com  |  July 20, 2011

  The Senate Banking Committee has scheduled for Tuesday a confirmation hearing for Roy Woodall, nominated to be the independent insurance member of the Financial Stability Oversight Council.

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  Obama Administration Announces Plans to Nominate Woodall to FSOC

  By Phil Gusman, PropertyCasualty360.com  |  June 27, 2011

  Former Kentucky Insurance Commissioner Roy Woodall will be President Obama’s nominee for the insurance member of the Financial Stability Oversight Council.

• Former Kentucky Insurance Head Rumored to Fill Industry FSOC Spot

  By Arthur D. Postal, PropertyCasualty360.com  |  June 23, 2011

  The White House is conducting background checks on S. Roy Woodall, a sign that it is finally moving to fill the slot on the Financial Stability Oversight Council reserved for an independent member with insurance expertise.

• FHFA Plan To Limit Insurer Access To Lending Window Draws Fire

  By Arthur D. Postal, PropertyCasualty360.com  |  March 29, 2011

  The Federal Housing Finance Agency is considering eliminating or curtailing access by insurers to its lending window.

• Angst Grows Over Federal Oversight

  By Arthur D. Postal, PropertyCasualty360.com  |  March 7, 2011

  Signs are emerging that the sigh of relief by large insurance companies that they escaped federal oversight in the post-aig-bailout world may have been premature.