The Financial Stability Oversight Council is in the final stages of evaluating an initial set of nonbank financial companies for potential designation as SIFIs, or systemically important financial institutions, according to remarks made today by Mary Miller, U.S. Treasury Under Secretary for Domestic Finance.

The Financial Stability Oversight Council is in the final stages of evaluating an initial set of nonbank financial companies for potential designation as SIFIs, or systemically important financial institutions, according to remarks made today by Mary Miller, U.S. Treasury Under Secretary for Domestic Finance.

The Texas Legislature introduced bills last week that would sever the last controls the state has over Texas Mutual Insurance Co.its largest workers-compensation insurerwhile authorizing the state to set up an assigned-risk plan.

The Texas Legislature introduced bills last week that would sever the last controls the state has over Texas Mutual Insurance Co.its largest workers-compensation insurerwhile authorizing the state to set up an assigned-risk plan.

Liberty Mutual reports a fourth quarter net loss of $234 million, primarily driven by $576 million in after-tax losses from Superstorm Sandy.

Liberty Mutual reports a fourth quarter net loss of $234 million, primarily driven by $576 million in after-tax losses from Superstorm Sandy.

The changing risk profile of energy risks should be driving rate increases, but high capacity in the marketplace and surprisingly few losses are keeping prices down, says a report from insurance broker Marsh.

The changing risk profile of energy risks should be driving rate increases, but high capacity in the marketplace and surprisingly few losses are keeping prices down, says a report from insurance broker Marsh.