C-FIRE Deputy Director R.J. Lehmann provides updates on the Federal Insurance Office’s delayed report, claims taxpayers could “profit” on the AIG bailout and Mitt Romney’s support of the “beach house bailout.”
House Subcommittee Chairwoman Judy Biggert wants to know if the two-months-late Federal Insurance Office report is evidence that FIO Director Michael McRaith is understaffed.
The Royce-NAIC spat heats up
The National Association of Insurance Commissioners is neither a regulator nor a trade association, Florida Insurance Commissioner Kevin McCarty writes in a March 20 letter to Congressman Ed Royce.
Oklahoma Insurance Commissioner John Doak has asked his state’s attorney general to investigate the constitutionality of the Dodd-Frank Act’s creation of a Federal Insurance Office.
In a letter to the group’s leadership, Rep. Ed Royce asks the NAIC declare once and for all whether it is a public regulator or a private trade association.
Could the Obama administration be preparing to drop a bombshell like federal insurance regulation on the industry?
Letter from Washington: Feeling out FIO, government insurers and a farewell to Hitchens
Federal Insurance Office Director Michael McRaith is the right man for the job of standing up this new agency. Congress shouldn’t strip his powers before he even has a shot to try.
Deputy Secretary Neil Wolin insists that the Federal Insurance Office will not be a regulator. But as to what it should be, instead, opinion remains very much divided.
Rep. Steve Stivers’ bill, adopted yesterday by a House subcommittee, includes a tiny provision with big consequences: Barring the Federal Insurance Office from sharing almost any data it collects.
The U.S. Treasury Department will host a Dec. 9 conference on ideas to modernize and improve the U.S. state-based system of insurance regulation.