In a further sign of support for a compromise proposal to implement the federal surplus-lines reform and modernization law, several appointees to the SLIMPACT governing body have selected Kentucky Commissioner Sharon Clark as interim chair of the SLIMPACT commission.
Federal financial-services regulators have promised to propose soon a regulation that large property and casualty insurers hope will provide them a pathway to insignificance.
American International Group became one of the first defendants to use the precedent established against class-action lawsuits through the recent Wal-Mart Supreme Court decision.
American International Group became one of the first defendants to use the precedent established against class-action lawsuits through the recent Wal-Mart Supreme Court decision.
Fridays decision by an appeals court panel on the healthcare law ensures that the Supreme Court will be the ultimate arbiter of the laws constitutionality, but otherwise further muddies the water as to what benefits employers will have to provide to their employees, industry officials said.
The insurance industry is coalescing around a surplus-lines allocation formula proposed by Kentucky regulators as a means of breaking the impasse over implementation of the new federal surplus-lines reform and modernization law.
The Treasury Department confirmed late Wednesday that the Financial Stability Oversight Council plans to re-proposewith greater detail on the process and frameworkthe principles it will use in designating nonbank financial companies as systemically significant.
The Treasury Department confirmed late Wednesday that the Financial Stability Oversight Council plans to re-proposewith greater detail on the process and frameworkthe principles it will use in designating nonbank financial companies as systemically significant.