FIO News
Insurers Can be Too Risky But Not Too Big: NAIC President
Although the Financial Stability Oversight Council created by Dodd–Frank Wall Street Reform and Consumer Protection Act could serve an incredibly useful purpose, FSOC's activities so far have been ...
FIO Director McRaith Leaving Post on Jan. 20
Michael McRaith, who has served as director of the Federal Insurance Office since its creation in 2011, is resigning his post as of Jan. 20 as the Trump administration begins. McRaith announced his ...
Large Insurers May Gain as a Trump Administration Deregulates
Wide-ranging financial industry deregulation under President-elect Donald Trump could benefit large insurers, particularly those such as AIG and others deemed as systemically important under current ...
Insurance Industry Slams Treasury’s New Auto Insurance Affordability Formula
Federal regulators have adopted a methodology for monitoring the affordability of automobile insurance, capping years of debate and public comments. Property/casualty insurers, however, said the new ...
Large International Insurers Challenged by Increasing Regulatory Burden
There is an increased focus globally on international insurance regulation driven by efforts within the G20 major economies to strengthen the international regulatory regime since the financial ...
The IMF Wants U.S. Insurance Reform to Go Further and Quicker
The International Monetary Fund said changes in U.S. insurance regulation with an eye on national and international guidelines have made real progress, but the effort remains unfinished with a long ...
International Capital Standards Will be Slow in Coming: FIO’s McRaith
Insurers could see some version of an international capital standard by 2016, Federal Insurance Office Director Michael McRaith told a recent gathering of industry professionals in Washington, D.C. ...
FIO’s McRaith: Feds Have the Backs of Insurers For Cyber Attack Threats
The federal government has the backs of insurers and their clients as they seek to protect themselves from, and adapt to, the fast-evolving threat of cyber attacks, Federal Insurance Office Director ...