insurance activities

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  FIO Must Have Strong Role Abroad to Ensure Competitiveness for U.S. Insurers

  By Elizabeth Festa, PropertyCasualty360.com  |  May 18, 2012

  Lawmakers and industry and government officials pushed for supervisory harmony and a robust role abroad by the U.S. Federal Insurance Office to increase international competitiveness for the U.S. insurance industry.

• After FSOC Rule, Industry Maintains P&C Not Systemically Risky

  By Arthur D. Postal  |  April 12, 2012

  Spokesmen for insurance-trade groups insist that when all is said and done, officials of the Financial Stability Oversight Council (FSOC) will support insurers’ view that insurance activities, by their very nature, do not pose a threat to the stability of the U.S. financial system.

• After FSOC Rule, Industry Maintains P&C Is Not Systemically Risky

  By Arthur D. Postal, PropertyCasualty360.com  |  April 4, 2012

  Spokesmen for insurance-trade groups insist that when all is said and done, officials of the Financial Stability Oversight Council will support insurers’ view that insurance activities by their very nature do not pose a threat to the stability of the U.S. financial system.

• International Regulator Report Says Insurance Poses No Systemic Risk

  By Chad Hemenway, PropertyCasualty360.com  |  November 17, 2011

  Underwriting risks are typically not linked to the economic business cycle and financial market risks. Therefore, traditional insurance companies do not pose a systemic risk, concludes a new report by the International Association of Insurance Supervisors.

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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.

• New York Launches Department of Financial Services

  By Staff Writer  |  October 3, 2011

  New York’s new Superintendent of Financial Services Benjamin M. Lawsky announces the launch of the state’s Department of Financial Services, which merges the insurance and banking departments.

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  Woodall at Confirmation Hearing: ‘Insurance Is in My Blood’

  By Arthur D. Postal, PropertyCasualty360.com  |  July 27, 2011

  Roy Woodall vowed at a confirmation hearing to "vote his conscience" as a member of the Financial Stability Oversight Council.

• Senate Passes Fin. Svcs. Reform; Bill Goes To President

  By Arthur D. Postal, PropertyCasualty360.com  |  July 15, 2010

  The Senate today passed and sent to President Obama legislation that would make the most sweeping changes to financial services regulation since the Great Depression.

• House Establishes Federal Insurance Office

  By Arthur D. Postal, PropertyCasualty360.com  |  July 1, 2010

  The House took an important step toward reforming financial services industry regulation last night, passing legislation that would for the first time establish a federal office designed to deal with insurance activities.

• House Establishes Federal Insurance Office

  By Arthur D. Postal, PropertyCasualty360.com  |  July 1, 2010

  The House passed legislation that would for the first time establish a federal office designed to deal with insurance activities.