Federal Deposit Insurance Corp

• Insurers Embrace Bill to Tailor Proposed Fed Capital Rules

  By Elizabeth D. Festa, PropertyCasualty360.com  |  May 28, 2013

  The insurance industry is helping birth new legislation that would address one of the most vexing issues for insurers in the Federal Reserve's stable of supervision.

• IQ: Small Banks Feel D&O Burn

  By Staff Writer  |  April 1, 2013

  Insurance and bank industry officials and lawyers estimate premiums for small banks have risen at least 15 percent since the financial crisis spanning the late 2000s.

• FSOC Finalizing SIFI Designations; Former FDIC Chair Says Delays Show 'Lack of Spine'

  By Elizabeth Festa, PropertyCasualty360.com  |  March 4, 2013

  The Financial Stability Oversight Council is in the final stages of evaluating an initial set of nonbank financial companies for potential designation as SIFIs, or systemically important financial institutions, according to remarks made today by Mary Miller, U.S. Treasury Under Secretary for Domestic Finance.

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  Van Gilder CEO Indicted on 5 Counts of Insider Trading

  By Laura Mazzuca Toops, PropertyCasualty360.com  |  October 26, 2012

  Michael Van Gilder, CEO of Denver-based Van Gilder Insurance Corp., has been indicted by a federal grand jury on five counts of insider trading.

• Independent ‘Systemic Risk Council’ Forged to Encourage Regulatory Reform

  By Arthur D. Postal  |  June 18, 2012

  Former regulators and legislators have created a new committee aimed at putting pressure on Washington officials to continue focusing on statutes aimed at reducing systemic risk in financial markets.

• New Regulatory Non-Governmental Council Formed

  By Arthur D. Postal, PropertyCasualty360.com  |  June 6, 2012

  Former regulators and legislators have created a new committee aimed at putting pressure on Washington officials to continue to focus on rules and laws aimed at reducing systemic risk in financial markets.

• D&O Uh-Oh: Large Class-Action Settlements Down, But Smaller Cases Way Up

  By Chad Hemenway, PropertyCasualty360.com  |  April 12, 2012

  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 isn’t enough to tip the scales.

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  Zurich Donates FDR Desk

  By Emma Lehmann  |  February 15, 2012

  For company’s 100-year anniversary, Zurich donates desk to Presidential Library

• P&C Industry Looks to Limit FSOC Authority

  By Arthur D. Postal, PropertyCasualty360.com  |  November 17, 2011

  It is unnecessary for P&C insurance companies to be overseen by the Financial Stability Oversight Council as potentially “systemically significant,” and Congress should move to take away that authority, NAMIC contends.

• Rising Risks Mean More Attention to D&O Purchase

  By Mark E. Ruquet, PropertyCasualty360.com  |  October 28, 2011

  Directors and officers exposure to increased regulatory oversight and cyber-risk issues translates into heightened concerns for executives who must pay greater attention risk management and compliance issues, say executives.

• FSOC Offers Details on How Insurers Could Be Designated "SiFi"

  By Arthur D. Postal, PropertyCasualty360.com  |  October 11, 2011

  The Financial Stability Oversight Council—which came under intense pressure from insurers and their supporters in Congress to be more specific in disclosing the qualitative and quantitative standards that will be used in determining whether an institution is systemically significant—has released a much more detailed proposal for designating nonbank companies as...

• D&O Still A Buyer’s Market, Aon Says

  By Mark E. Ruquet, PropertyCasualty360.com  |  July 7, 2011

  Claims frequency is not having an effect on directors and officers liability insurance pricing and coverage, according to a June analysis from insurance broker Aon, finding that the D&O market is still a buyer’s market.

• D&O Remains a Buyer’s Market

  By Mark E. Ruquet, PropertyCasualty360.com  |  June 21, 2011

  Contrary to perception, severity does not appear to be having much of an effect on directors and officers insurance pricing, according to an analysis from insurance broker Aon.

• AIA Criticizes FDIC Recoupment Plan For Failed Insurers

  By Arthur D. Postal, PropertyCasualty360.com  |  May 25, 2011

  Insurers are strongly objecting to a proposed regulation that would require officials of an insurance company being liquidated by Federal Deposit Insurance Corp. to prove that they were not responsible for the company’s failure and therefore liable for damages.

• D&O Add-On Unveiled For FI Execs Caught In Systemic-Risk Whirlwinds

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 20, 2011

  New rules that expose executives and directors of troubled financial-services institutions to unexpected negative consequences—including the possible loss of their salaries and other compensation—have sparked the creation a new insurance coverage.

• Insurance For Execs Caught In Systemic Risk Whirlwind

  By Mark E. Ruquet, PropertyCasualty360.com  |  April 22, 2011

  The new rules governing financial services institutions could have some unexpected consequences for executives and directors and open new business opportunities for insurers.