Lawmakers are close to extending a federal program that covers a portion of corporations losses from acts of terrorism, according to three congressional aides.
MetLife Inc. CEO Steven Kandarian was accompanied by Washington lawyer Eugene Scalia at a hearing today to challenge regulators proposal to subject the insurer to Federal Reserve oversight, a person with knowledge of the matter said.
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.
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.
The Federal Insurance Office will likely ask congressional permission early next to year to negotiate a uniform reinsurance collateral agreement for U.S. and European reinsurers domiciled in qualified jurisdictions.
The Federal Insurance Office will likely ask congressional permission early next to year to negotiate a uniform reinsurance collateral agreement for U.S. and European reinsurers domiciled in qualified jurisdictions.
The Federal Reserve Board made it clear it doesnt want to preempt the role of state insurance regulators in overseeing the traditional activities of insurance companies.