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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.
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By Arthur D. Postal, PropertyCasualty360.com |
October 11, 2011
The Financial Stability Oversight Council—which came under intense pressure from insurers and their supporters in Congress to be more specific in disclosing the qualitative and quantitative standards that will be used in determining whether an institution is systemically significant—has released a much more detailed proposal for designating nonbank companies as...
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By Arthur D. Postal, PropertyCasualty360.com |
May 23, 2011
The Hartford Insurance Group is selling Federal Trust Bank, the Florida thrift it acquired in early 2009 as a prerequisite to receiving federal aid under the Troubled Asset Relief Program.
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By Arthur D. Postal, PropertyCasualty360.com |
May 31, 2010
With an historic financial services regulatory reform bill about to enter the home stretch on Capitol Hill, insurance industry groups will keep lobbying to craft an acceptable compromise in reconciling the House and Senate versions.
