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Featured Articles |
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| NOLHGA Testimony to the House Financial Services Subcommittee hearing |
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Article retrieved 01/10/2012 Contributer: Peter Gallanis Source: NOLHGA |
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Testimony for the record of the National Organization of Life and Health Insurance Guaranty Associations before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity. |
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| Joint Comments of NOLHGA/NCIGF in Response to FIO's Request for Public Input |
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Article retrieved 01/10/2012 Contributer: Peter Gallanis Source: NOLHGA |
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Recently Published Articles |
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| Insurers argue against being treated like banks |
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Article retrieved 06/17/2013 Contributer: Douglas McLeod Source: Business Insurance |
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Insurers worry the Federal Reserve Board will impose inappropriately “bank-centric” financial standards on insurers it regulates, including those designated as systemically important financial institutions. |
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| FIO and NYDFS: A Tale of Two Reports |
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Article retrieved 06/14/2013 Contributer: Anthony O'Donnell Source: Insurance & Technology |
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New York Insurance Commissioner Ben Lawsky's criticism of captive reinsurance deals appears sensationalist in light of the yesterday's FIO report and industry-side statements. |
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| FIO Director McRaith Clarifies IAIS Role, Reiterates Priority to U.S. Insurers |
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Article retrieved 06/14/2013 Contributer: Arthur D. Postal, Elizabeth D. Festa Source: PropertyCasualty360.com |
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The director of the Federal Insurance Office rejects industry and congressional allegations it is somehow conspiring with foreign regulators to establish capital standards that will undermine the competitiveness of U.S. insurers. |
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| FIO releases first annual report |
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Article retrieved 06/13/2013 Contributer: Arthur D. Postal Source: LifeHealthPro.com |
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The Obama administration is again postponing release of a report outlining proposals for modernizing insurance regulation that was scheduled to be released last January. |
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| Executive Life of New York liquidation can move forward |
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Article retrieved 06/12/2013 Source: Insurance & Financial Advisor |
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The liquidation plan for Executive Life of New York (ELNY) is expected to be implemented later this year after New York’s highest court ruled not to hear a case seeking to stop the plan or prevent a restructuring of the failed carrier. |
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Insurance Industry News |
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| FIO and NYDFS: A Tale of Two Reports |
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Article retrieved 06/14/2013 Contributer: Anthony O'Donnell Source: Insurance & Technology |
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New York Insurance Commissioner Ben Lawsky's criticism of captive reinsurance deals appears sensationalist in light of the yesterday's FIO report and industry-side statements. |
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| FIO releases first annual report |
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Article retrieved 06/13/2013 Contributer: Arthur D. Postal Source: LifeHealthPro.com |
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The Obama administration is again postponing release of a report outlining proposals for modernizing insurance regulation that was scheduled to be released last January. |
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| NY regulator calls for moratorium on "shadow insurance" practice |
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Article retrieved 06/12/2013 Contributer: Reuters Source: Yahoo Finance |
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New York's top financial regulator has called for a national moratorium on certain transactions by life insurance companies that potentially put policyholders and taxpayers at greater risk, according to a regulatory report. |
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| FSOC votes AIG, Prudential are nonbank SIFIs |
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Article retrieved 06/04/2013 Contributer: Elizabeth D. Festa, Arthur D. Postal Source: LifeHealthPro.com |
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The Financial Stability Oversight Council (FSOC) voted today on whether to designate two insurers as systemically important financial institutions (SIFI) in the first-ever vote for nonbank SIFIs under the 2010 Dodd-Frank Act. |
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| Rathgeber takes over Texas Insurance Dept. |
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Article retrieved 05/29/2013 Contributer: Elizabeth D. Festa, Chad Hemenway Source: LifeHealthPro.com |
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Gov. Rick Perry has appointed Julia J. Rathgeber of Austin as the commissioner of Insurance to replace former Texas Insurance Commissioner Eleanor Kitzman. Rathgeber’s term expires Feb. 1, 2015. |
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Federal Regulation |
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| Insurers argue against being treated like banks |
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Article retrieved 06/17/2013 Contributer: Douglas McLeod Source: Business Insurance |
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Insurers worry the Federal Reserve Board will impose inappropriately “bank-centric” financial standards on insurers it regulates, including those designated as systemically important financial institutions. |
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| FIO Director McRaith Clarifies IAIS Role, Reiterates Priority to U.S. Insurers |
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Article retrieved 06/14/2013 Contributer: Arthur D. Postal, Elizabeth D. Festa Source: PropertyCasualty360.com |
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The director of the Federal Insurance Office rejects industry and congressional allegations it is somehow conspiring with foreign regulators to establish capital standards that will undermine the competitiveness of U.S. insurers. |
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| Council Proposes AIG, Prudential, GE Capital as Systemically Important, Due Extra Scrutiny |
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Article retrieved 06/04/2013 Contributer: Emily Stephenson, Reuters Source: Insurance Journal |
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U.S. regulators on Monday proposed designating American International Group Inc., Prudential Financial Inc. and GE Capital for heightened regulatory oversight, in a long-anticipated move aimed at cracking down on risks to markets. |
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| AIG, Prudential Named Systemically Important by Panel |
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Article retrieved 06/04/2013 Contributer: Ian Katz & Zachary Tracer Source: Bloomberg |
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American International Group Inc. (AIG), Prudential Financial Inc. (PRU) and a unit of General Electric Co. were identified by U.S. regulators as potential risks to the financial system in a step toward putting the firms under tighter government scrutiny. |
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| Smoke signals: Insurance SIFIs on the horizon? |
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Article retrieved 05/30/2013 Contributer: Elizabeth Festa Source: LifeHealthPro.com |
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The Financial Stability Oversight Council (FSOC) has cleared the path for a vote on systemically important financial institutions (SIFI) by closing the book on the evidentiary record for a set of nonbank financial companies and sending a letter notifying them. |
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Guaranty System in the News |
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| NOLHGA Testimony to the House Financial Services Subcommittee hearing |
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Article retrieved 01/10/2012 Contributer: Peter Gallanis Source: NOLHGA |
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Testimony for the record of the National Organization of Life and Health Insurance Guaranty Associations before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity. |
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| Joint Comments of NOLHGA/NCIGF in Response to FIO's Request for Public Input |
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Article retrieved 01/10/2012 Contributer: Peter Gallanis Source: NOLHGA |
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Companies in Receivership |
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| Executive Life of New York liquidation can move forward |
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Article retrieved 06/12/2013 Source: Insurance & Financial Advisor |
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The liquidation plan for Executive Life of New York (ELNY) is expected to be implemented later this year after New York’s highest court ruled not to hear a case seeking to stop the plan or prevent a restructuring of the failed carrier. |
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| NYLB distributing assets of failed insurers |
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Article retrieved 05/31/2013 Contributer: Elizabeth D. Festa Source: LifeHealthPro.com |
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The New York Liquidation Bureau (NYLB) has released its 2012 annual report stating that the Bureau distributed a record $345.6 million in estate assets to insurance policyholders, claimants and creditors, while also significantly reducing the number of outstanding policyholder claims by nearly one-third. |
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