The ratings issue has come at a turbulent time in Florida's property-insurance market, as carriers have shed policies and sought large rate increases because of financial losses.
On Wednesday, the U.S. House of Representatives passed H.R. 26, the Terrorism Risk Insurance Program Reauthorization Act of 2015 during the first days of the 114th Congress by a 416-5 bipartisan vote.
Insurance industry officials fear Armageddon will be the result of a proposal by the Federal Reserve Board to use bank-centric standards in regulating insurance companies that operate thrifts.
Insurance industry officials fear Armageddon will be the result of a proposal by the Federal Reserve Board to use bank-centric standards in regulating insurance companies that operate thrifts.
Two insurance industry trade groups are asking the Financial Stability Oversight Council to allow all nonbank financial companies a full hearing as part of the process for determining whether a company should be designated systemically significant.
Two insurance industry trade groups are asking the Financial Stability Oversight Council to allow all nonbank financial companies a full hearing as part of the process for determining whether a company should be designated systemically significant.
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.
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.