Regulation/Legislation

The Treasury announced on April 6 that the chief executives of AIG, Ally Financial and General Motors would have their compensation packages frozen for a second year in a row, essentially keeping their compensation at 2011 levels.

New Florida legislation, if signed into law by Gov. Rick Scott, would provide relief to the state's private market insurers and potentially attract new private capital to the Sunshine State.

Industry leaders comment on topics ranging from a series of tornadoes that struck the Dallas-Fort Worth area, to the Financial Stability Oversight Council approving its final rule on systemically significant non-bank financial institutions.

Based on a new Government Accountability Office study, the insurance industry and plaintiffs lawyers are renewing their call for passage of legislation that they argue would make the Medicare Secondary Payment program work better.

Spokesmen for insurance-trade groups insist that when all is said and done, officials of the Financial Stability Oversight Council will support insurers view that insurance activities by their very nature do not pose a threat to the stability of the U.S. financial system.

The Financial Stability Oversight Councils final rule determining whether an insurer is systemically significant casts a wider net than expected regarding who will get a closer look, and takes an expansive view of defining a companys debt, analysts say.