Insurance Regulation
Will Biggert-Waters Save the Flood Insurance Program? No, It’s Not Even Close
The Biggert-Waters Flood Insurance Reform Act (Biggert-Waters) was enacted in 2012 with the goal of reforming and thereby saving the National Flood Insurance Program (NFIP). It is a well-meaning and ...Insurers Making ‘Immense Changes’ Under Solvency II: German Insurer CEO Goerg
Insurers in Europe will make "immense changes" to their business when new risk-based rules are put in place, the chief executive officer of Gothaer Group and head of a group representing German ...
EU Commissioner Recommends Solvency II Delay to 2016
The European Commission has officially proposed a postponement of the January 2014 start date for the implementation of Solvency II, according to a statement from Michel Barnier, the commissioner ...
U.S. Federal Housing Administration to Tap $1.7B in Taxpayer Funds
The U.S. Federal Housing Administration (FHA) said on Friday that it will draw $1.7 billion in cash from the U.S. Treasury to help cover losses from troubled loans, marking the first time in its ...
On the Regulation and the Facts
There was much coverage last month on the fifth anniversary of the collapse of Lehman Brothers, but it was also the fifth anniversary of the U.S. government's intervention in AIG. While the issues at ...
Two Voted Against Designating Prudential As Systemic Risk
Prudential Financial Inc., the second-largest U.S. life insurer, was designated systemically important in a 7-to-2 vote by a council of regulators charged with preventing another crisis. Edward ...
U.S. Risk Council Designates Prudential for Tougher Oversight
Insurer Prudential Financial Inc. said the U.S. financial risk council has designated the company as systemically risky in a final vote, bringing it under stricter regulatory oversight. Prudential ...
Financial Stability Board’s Report Misses the Mark: PCI Executive Perspective
In the United States, football season has just arrived. In Europe, football season has been underway since August. While both are sports and both sports are called "football," they couldn't be more ...