The Federal Reserve Board on Tuesday announced that it will be seeking detailed financial and other data from the insurance companies and insurers with thrifts it regulates as it starts the process of tailoring its regulatory metrics to coincide with its mandated role of overseeing them.
The Federal Reserve Board on Tuesday announced that it will be seeking detailed financial and other data from the insurance companies and insurers with thrifts it regulates as it starts the process of tailoring its regulatory metrics to coincide with its mandated role of overseeing them.
The National Governors Association expressed concern in a letter to Treasury Secretary Jacob Lew about Decembers Federal Insurance Office regulatory modernization report and its role in the larger state vs. federal regulation debate.
The National Governors Association expressed concern in a letter to Treasury Secretary Jacob Lew about Decembers Federal Insurance Office regulatory modernization report and its role in the larger state vs. federal regulation debate.
The NAIC said it has serious concerns about the timing, necessity and complexity of developing a risk-based global insurance capital standard given legal and regulatory differences around the globe, but that it intends to stay in the process rather than resist it.
The NAIC said it has serious concerns about the timing, necessity and complexity of developing a risk-based global insurance capital standard given legal and regulatory differences around the globe, but that it intends to stay in the process rather than resist it.
The debate continues over a controversial Consumer Federation of America report released last month holding that only through Californias Proposition 103 has the state managed to control the cost of auto insuranceimplying that in most other states, oversight of auto insurance is lax, and rates are therefore too high.
The debate continues over a controversial Consumer Federation of America report released last month holding that only through Californias Proposition 103 has the state managed to control the cost of auto insuranceimplying that in most other states, oversight of auto insurance is lax, and rates are therefore too high.