In the FIRE Podcast, veteran insurance policy wonk Robert Gordon argues that P&C insurers shouldn’t be deemed systemically risky.
Collateral reform and taxation of offshore cessions are legislative and regulatory trains that have been moving for years. They could be headed for a collision.
Risking the ire of his base, New York City Mayor Michael Bloomberg told a D.C. audience that deficit reduction plans should include treating hedge fund partners’ carried interest as ordinary income.
While Big Ag looks to hijack the Super Committee process, a new report proposes $80 billion could be saved by scrapping the crop program’s “revenue insurance” model.
MetLife’s announcement that it has been ordered by the Federal Reserve not to increase its shareholder dividend until it completes the 2012 round of stress tests could be a harbinger of things to come, should other insurers be designated “systemically important financial institutions.”
Florida property insurers would need to raise rates by more than 70% to reach a 14% ROE target, according to Aon Benfield.
Eyes will be on FIO Director Michael McRaith, who is set to appear before the House’s insurance subcommittee Oct. 25, to offer hints as to the White House’s strategy on insurance regulatory reform.
Letter From Chicago: A Regular Lollapalooza
Ann C. Logue is too old and cranky to put up with the crowds of Lollapalooza, but she’s enough of an aging hipster to have heard of about half of the bands that played, and she’s enough of an economist to know Chicago isn’t getting its fair share of the extravaganza’s proceeds.
Eli Lehrer means no offense to Barry Manilow or his fans in this week’s Letter From Washington.