trade

• FSOC to Vote Tues. on 'Systemically Significant' Criteria

  By Arthur D. Postal, PropertyCasualty360.com  |  April 2, 2012

  The Financial Stability Oversight Council will vote Tuesday on the factors it will use in determining whether an insurer is “systemically significant,” a regulatory process that has been underway since the fall of 2010.

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  NAIC Clarifies Role: It Is Not a Regulator

  By Elizabeth Festa, PropertyCasualty360.com, Arthur D. Postal, PropertyCasualty360.com  |  March 21, 2012

  The National Association of Insurance Commissioners acknowledges in a letter to a member of Congress that it is not a “regulatory body,” but acts to provide a “forum and vehicle” for its members who are standard-setters.

• Crop Insurers, Agents Dismayed at New Proposed Cuts

  By Arthur D. Postal, PropertyCasualty360.com  |  March 1, 2012

  Both crop insurers and agents are questioning President Obama’s 2013 budget proposals to make cuts to subsidies provided to the industry.

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  U.S. Rep. Asks NAIC to Explain if it Is Public or Private Organization

  By Arthur D. Postal, PropertyCasualty360.com  |  February 28, 2012

  A senior member of the House Financial Services Committee is asking the National Association of Insurance Commissioners to explain the legal reasoning behind its decision to describe itself as a “standard-setting organization” rather than a trade group.

• HHS Rejects NAIC MLR Request

  By Elizabeth Festa & Arthur D. Postal, PropertyCasualty360.com  |  December 2, 2011

  The National Association of Insurance Commissioners’ request for an exemption from the medical loss ratio provisions of the healthcare reform law for insurance agents has been rejected.

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  Congress Readies to Punt NFIP Again

  By Arthur D. Postal, PropertyCasualty360.com  |  December 2, 2011

  The Senate is preparing to vote on legislation next week which would extend the current National Flood Insurance Program for at least six months, confirming that the outlook for a long-term extension for the program any time soon remains cloudy at best.

• P&C Industry Looks to Limit FSOC Authority

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

  It is unnecessary for P&C insurance companies to be overseen by the Financial Stability Oversight Council as potentially “systemically significant,” and Congress should move to take away that authority, NAMIC contends.

• P&C Industry Looks to Limit FSOC Authority

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

  It is unnecessary for property and casualty insurance companies to be overseen by the Financial Stability Oversight Council, and Congress should move to take away that authority, a P&C trade group contends.

• Trade Groups Lay Out Legislative Agendas Beyond Flood Extension

  By Arthur D. Postal, PropertyCasualty360.com  |  September 2, 2011

  While insurance trade groups cite the flood program extension as their top priority this legislative session, they also plan to push for differentiating insurers from banks in the eyes of lawmakers and regulators, among some other key industry issues.

• Insurance Group Spent $230,000 Lobbying in 1Q

  By Associated Press  |  June 28, 2011

  The American Insurance Association trade group spent $230,000 in the first quarter to lobby the federal government on a variety of issues.