Federal Deposit Insurance Corporation

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  Insurers Face New Regulation from Federal Reserve

  By Elizabeth Festa, Arthur D. Postal PropertyCasualty360.com  |  May 3, 2012

  Insurance companies that own or operate a savings & loan will face fresh oversight from the Federal Reserve Board, which is creating a process by which to examine those financial institutions that have significant banking assets.

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  Barney Frank: Republicans Unlikely to Reverse Dodd-Frank Act

  By Arthur D. Postal, PropertyCasualty360.com  |  December 1, 2011

  Rep. Barney Frank, D-Mass., defended the Dodd-Frank Act, saying Repubicans critical of the bill acknowledged it was necessary.

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  Insurer Exec, Consumer Advocate Debate Dodd-Frank Provisions Before Congress

  By Arthur D. Postal, PropertyCasualty360.com  |  November 16, 2011

  Dodd-Frank Act provisions should be “clarified” to ensure that federal regulators do not impose conflicting or duplicative regulatory requirements, an executive of a property and casualty insurer tells Congress today.

• P&C Industry Looks to Limit FSOC Authority

  By Arthur D. Postal, PropertyCasualty360.com  |  November 15, 2011

  It is unnecessary for property and casualty insurance companies to be overseen by the Financial Stability Oversight Council, and Congress should move to take away that authority, a P&C trade group contends.

• House Subcommittee to Address Bills to Roll Back Federal Oversight

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

  A House subcommittee will hold a hearing Wednesday and the main subject will be three pieces of legislation sought by state regulators seeking to severely roll back federal authority to oversee insurance companies gained in the 2010 Dodd-Frank financial services reform law.

• 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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  The 5 Cornerstones of Bank Professional Liability Coverage

  By Mary Anne Mullin  |  April 27, 2011

  With April designated as Community Banking Month, agents and brokers should seize the opportunity to ensure that their community banking customers carry the broad coverage needed to confront today’s emerging liability risks and weather any economic storm.

• FDIC Reg Spells Out Authority Over Troubled Insurers

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

  The Federal Deposit Insurance Corporation has issued an interim final regulation dealing with the liquidation of a troubled non-bank financial company, including an insurer.

• Liability Risks for Directors and Officers of Financial Institutions

  By Martin A. Traber, Michael P. Matthews, Justin Moore  |  March 14, 2011

  Now more than at any time since the savings and loan crisis in the 1980s, directors and officers of financial institutions must be aware of liability risks related to performance of their duties. The FDIC is on a litigation campaign.

• 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.