It seems during every congressional cycle the possibility of a repeal of the McCarran-Ferguson Act (MFA) crops up. The most colorful attempt was 10 years ago when former Sen. Trent Lott (R.-Miss.), dubbed at the time the angriest man to have been empowered in the past election by a Wall...
The most likely path to enactment of legislation reauthorizing a federal backstop for terrorism risk insurance that insurers can live with is House de facto acceptance of the preferable Senate bill.
The Federal Reserve Board on Tuesday announced that it will be seeking detailed financial and other data from the insurance companies and insurers with thrifts it regulates as it starts the process of tailoring its regulatory metrics to coincide with its mandated role of overseeing them.