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.
The designation of MetLife as a systemically important financial institution on Thursday drew an immediate response from the P&C insurance industry.
As Congress prepares to return to work Sept. 8 for an abbreviated session, a priority for the insurance industry will be ensuring that legislators keep on their radar enactment of a bill aimed at streamlining agent and broker licensing.
As Congress prepares to return to work Sept. 8 for an abbreviated session, a priority for the insurance industry will be ensuring that legislators keep on their radar enactment of a bill aimed at streamlining agent and broker licensing.
American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid taking a bailout in a future crisis.