Federal Insurance Office

• Workers' Comp Combined Ratio Remains High; Written Premiums Increase in 2011

  By Phil Gusman, PropertyCasualty360.com  |  May 10, 2012

  Workers’ compensation combined ratios remained unsustainably high in 2011, and investment returns were not high enough to generate sufficient operating returns, but premium growth in this line indicates that the worst of the recession has passed, and the industry remains well capitalized for the future, according to NCCI.

• Duperreault Named Chairman of FACI

  April 12, 2012

  Brian Duperreault, president and CEO of Marsh & McLennan Cos., has been named chairman of the Federal Advisory Committee on Insurance (FACI). The announcement was made March 30 by Marsh & McLennan, following the committee’s first meeting.

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  The Week in Quotes

  By Staff Writers  |  April 6, 2012

  Industry leaders comment on topics ranging from a series of tornadoes that struck the Dallas-Fort Worth area, to the Financial Stability Oversight Council approving its final rule on systemically significant non-bank financial institutions.

• Duperreault Named Chairman of FACI

  By Staff Writer  |  April 2, 2012

  Brian Duperreault, the president and chief executive officer of Marsh & McLennan Companies, was named chairman of the Federal Advisory Committee on Insurance.

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  Asking the Right Question

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 27, 2012

  The debate over healthcare reform is finally being heard before the Supreme Court this week in what some courtroom analysts are calling a marathon three-day session of oral arguments.

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  NAIC Clarifies Role: It Is Not a Regulator

  By Elizabeth Festa, PropertyCasualty360.com, Arthur D. Postal, PropertyCasualty360.com  |  March 21, 2012

  The National Association of Insurance Commissioners acknowledges in a letter to a member of Congress that it is not a “regulatory body,” but acts to provide a “forum and vehicle” for its members who are standard-setters.

• FSR: FIO Should Coordinate Federal Insurance Activity to Avoid Onerous Demands

  By Arthur D. Postal, PropertyCasualty360.com  |  March 16, 2012

  The Financial Services Roundtable wants the Treasury Department to use the Federal Insurance Office to coordinate all federal-agency activities regarding insurance in order to ensure that onerous and duplicative federal intervention in the insurance business does not occur.

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  U.S. Rep. Asks NAIC to Explain if it Is Public or Private Organization

  By Arthur D. Postal, PropertyCasualty360.com  |  February 28, 2012

  A senior member of the House Financial Services Committee is asking the National Association of Insurance Commissioners to explain the legal reasoning behind its decision to describe itself as a “standard-setting organization” rather than a trade group.

• CFA: Insurers Becoming Experts at Risk-Avoidance

  By Mark E. Ruquet, PropertyCasualty360.com  |  February 21, 2012

  Insurers are shifting the cost of risk to consumers and taxpayers, side stepping their traditional role of risk-takers and becoming experts at risk-avoidance, according to a report from the Consumer Federation of America.

• A (Speculative) Sneak Peek at FIO Report

  By Arthur D. Postal  |  February 9, 2012

  The much-awaited Federal Insurance Office (FIO) report on reforming and modernizing state insurance regulation, mandated by Dodd-Frank, likely will not be unveiled until the end of this month or early March.