A new report by a federal-watchdog agency questions whether the U.S. government will be able to recover over the short termif everthe investment it has made in American International Group.
The market is apparently strengthening for the risky residential mortgage-backed securities purchased by the Federal Reserve Board in early 2009 as part of its bailout of American International Group.
The Federal Insurance Office should studyU.S.rate and policy form regulation and use the federal governments foreign affairs powers to weigh in on international solvency issues, the American Insurance Association says in a comment letter.
The Federal Insurance Office should studyU.S.rate and policy form regulation and use the federal governments foreign affairs powers to weigh in on international solvency issues, the American Insurance Association says in a comment letter.
While the recent Government Accountability Office (GAO) report on risk-retention groups (RRGs) recommends that Congress pass legislation clarifying certain provisions of the Liability Risk Retention Act (LRRA), it doesnt go far enough, according to one industry expert.
The Council of Insurance Agents and Brokers is urging the Federal Insurance Office (FIO) to use its authority to change the current insurance-regulatory system, either through the states or through federal means.
The president of the National Association of Mutual Insurance Companies says the Volcker rule contains ambiguities that could potentially inappropriately impact property and casualty insurers that have banks or thrifts.
The president of the National Association of Mutual Insurance Companies says the Volcker rule contains ambiguities that could potentially inappropriately impact property and casualty insurers that have banks or thrifts.