The Financial Stability Oversight Councilwhich 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 significanthas released a much more detailed proposal for designating nonbank companies as...

The Financial Stability Oversight Councilwhich 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 significanthas released a much more detailed proposal for designating nonbank companies as...

California Gov. Jerry Brown signaled support Friday for reducing the cost to state businesses of the workers compensation program by signing two bills approved by the industry.

California Gov. Jerry Brown signaled support Friday for reducing the cost to state businesses of the workers compensation program by signing two bills approved by the industry.

While the brave new world of uniform state regulation of the non-admitted insurance market finally dawned July 21, the details of its implementation are proving to be a bit devilish.

California has moved to streamline some agent-licensing provisions, but the new law does not address a priority of agents and brokers: uniform licensing laws through reciprocity.

The National Flood Insurance Program (NFIP) will continue without a lapse, at least for six weeks, as the House acted on a continuing resolution to keep the government funded through Nov. 18.

While legislators were expected to get answers today on measurements the Financial Stability Oversight Council will use in designating insurers as systemically significant, Treasury Secretary Timothy Geithner says a meeting next week will offer clarity on that issue.