Frank Act

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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.

• Trade Groups Again Make Case to FSOC on Proposed SIFI Rule

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

  The three trade groups representing the majority of property and casualty insurers reiterate in a letter to the Financial Stability Oversight Council that property and casualty insurance carriers by their very nature do not pose a threat to the financial stability of the U.S.

• NAIC Meeting: Compromise Nears for Surplus-Lines Premium Tax Allocation

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

  The outline for a compromise over a uniform mechanism to implement the surplus-lines and reinsurance-modernization law emerged during the National Association of Insurance Commissioner’s fall meeting on Oct. 28.

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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.

• NAIC Meeting: Surplus Lines Premium Tax Allocation Compromise Emerges

  By Arthur D. Postal, PropertyCasualty360.com  |  November 8, 2011

  The outline of a compromise over the uniform mechanism that will be used to implement the surplus lines and reinsurance modernization law emerged at the National Association of Insurance Commissioner’s fall meeting.

• NRRA: An Overview & Status Update on This Critical Legislation

  By Arthur D. Postal, PropertyCasualty360.com  |  October 10, 2011

  While the brave new world of uniform state regulation of the non-admitted insurance market finally dawned July 21, the details of its implementation are proving to be a bit devilish.

• Professor Gives 'F' Grade to State Regulators' Consumer Protection

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

  Testimony at a recent Senate hearing alleges a lack of consumer protection by state regulators, while one expert says few insurers will be deemed systemically important by the Financial Stability Oversight Council.

• Industry, Legislators And Administration Clash Over Dodd-Frank Implementation

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

  The speed with which the Dodd-Frank bill should be implemented is generating conflict in Washington.

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  Wolin Pushes Back Against Republican Efforts To Delay Dodd-Frank

  By Arthur D. Postal, PropertyCasualty360.com  |  April 19, 2011

  Treasury Undersecretary Neal Wolin lashed out at those seeking to delay or otherwise impede implementation of the Dodd-Frank financial services reform law, vowing that the administration will “move forward…quickly, carefully and responsibly.”

• Risk Management Strengthened By Financial Crisis: Deloitte

  By Caroline McDonald, PropertyCasualty360.com  |  February 18, 2011

  The global financial crisis brought a new focus on risk management, with nearly 34 percent more institutions reporting they have adopted enterprise risk management programs compared to 2008, according to a survey by Deloitte.