Federal Insurance Office

• 

  CFA's Hunter, I.I.I.'s Hartwig Spar on Need for TRIA Renewal

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 8, 2013

  In the latest war of words over the future of the Terrorism Risk Insurance Act, the president of the Insurance Information Institute accuses the Consumer Federation of America of being anti-consumer for its opposition to an extension.

• 2013: A Transformative Year in the Regulatory Revolution

  By Mark E. Ruquet, PropertyCasualty360.com  |  April 25, 2013

  Insurers are facing revolutionary changes in the regulatory environment--changes that are causing some U.S. insurers to reevaluate business strategies and structure, says KPMG.

• 

  Three Stages of Compliance: Local, National, International

  By Robert Regis Hyle, PropertyCasualty360.com  |  April 15, 2013

  Do you have Solvency II on your mind? I didn’t think so. There are more than a few among us wondering what European insurance regulations have to do with doing business in the United States.

• PCI: FIO Disaster-Loss Estimates Pose Challenges

  By Elizabeth Festa, PropertyCasualty360.com, Chad Hemenway, PropertyCasualty360.com  |  April 12, 2013

  President Obama's budget proposal contains language implying the FIO should have the “ability to immediately estimate exposures related to catastrophic events,” and provide it to the federal government.

• 

  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.

• NAIC to Conduct Survey on Access to Reinsurance Information

  By Elizabeth D. Festa  |  April 9, 2013

  The NAIC will be conducting a survey, at the request of the Federal Insurance Office, on a part of the Nonadmitted and Reinsurance Reform Act of 2010 to gather information on access to reinsurance information.

• 

  Congressman Presses McRaith, FIO on Key IAIS Initiatives

  By Elizabeth Festa, PropertyCasualty360.com  |  March 27, 2013

  Congress is taking one of its first steps toward oversight of Federal Insurance Office activities by questioning the FIO's stance on key international insurance regulatory proposals.

• TRIA Renewal an 'Uphill Climb,' Associations Warn

  By Arthur D. Postal, PropertyCasualty360.com  |  March 22, 2013

  The top staff official of the Property Casualty Insurers Association of America is warning the industry that reauthorization of the Terrorism Risk Insurance Act will be an “uphill climb” in this Congress.

• 

  Federal Insurance Office Regulatory Report Coming by July

  By Arthur D. Postal, PropertyCasualty360.com  |  March 13, 2013

  The Federal Insurance Office says it will release its long-awaited report on recommendations for modernizing and improving insurance regulation before July.

• Sunshine State of Affairs

  By Bryant Rousseau, PropertyCasualty360.com  |  March 8, 2013

  Florida Insurance Commissioner Kevin McCarty talks PIP reform, federal oversight—and whether it’s time for a serious look at breaking up Citizens Property, the state’s insurer of last resort.

• Lew Confirmation Could Clear Way for Delayed Federal Insurance Initiatives

  By Elizabeth Festa, PropertyCasualty360.com, Arthur D. Postal, PropertyCasualty360.com  |  February 28, 2013

  The confirmation of Jacob Lew as secretary of the Treasury late Wednesday clears the way for action on several insurance-related issues, including the release of a long-delayed report on insurance-regulation modernization.

• House Financial Services Committee Tells FIO to Pick Up the Pace on Insurance Reports

  By Elizabeth Festa, PropertyCasualty360.com  |  February 15, 2013

  The House Financial Services Committee is urging the Federal Insurance Office to submit several “long overdue reports without further delay.”

• 

  Nelson Sticks to NAIC Script on Preservation of State System

  By Elizabeth Festa, PropertyCasualty360.com  |  January 23, 2013

  Ben Nelson echoed the sentiments of the National Association of Insurance Commissioners' leadership in his first public press conference as new CEO of the organization by casting the desired relationship with the federal government as one of a “partnership,” not one allowing incursion, pre-emption or even dual regulation.

• Industry Applauds Nelson Selection at NAIC

  By Arthur D. Postal and Elizabeth D. Festa  |  January 22, 2013

  Insurance interests in Washington are both publicly and privately ecstatic over the decision of the National Association of Insurance Commissioners to name former Nebraska Sen. Ben Nelson as its new chief executive officer.

• 

  Ex-Senator Nelson Named NAIC CEO

  By Elizabeth D. Festa  |  January 22, 2013

  The National Association of Insurance Commissioners says it has named former Nebraska Senator Ben Nelson as its new chief executive officer.

• Panel of Regulatory Experts Criticize Direction of IAIS' ComFrame

  By Bryant Rousseau, PropertyCasualty360.com  |  December 28, 2012

  While the goal of the Common Framework for the Supervision of Internationally Active Insurance Groups is to reduce complexity, cost and redundancies in the regulatory process, panelists at a recent forum opined that the initiative is headed in the “wrong direction.”