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Press Room Articles

The Press Room features links to articles on the insurance industry, state and federal insurance regulation, and other issues of interest to the guaranty system. The views expressed in these articles do not necessarily reflect the views of NOLHGA or its members.

Contents:

Recently Published Articles

  • North Dakota Commissioner to Serve on Financial Stability Oversight Council
    Article retrieved 09/22/2014  Contributer: NAIC  Source: Insurance Journal

    The National Association of Insurance Commissioners (NAIC) appointed NAIC President and North Dakota Insurance Commissioner Adam Hamm to serve a two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC).

  • Designating life insurers as SIFIs creates uneven playing field
    Article retrieved 09/22/2014  Contributer: Dirk A. Kempthorne, President & CEO, ACLI  Source: The Hill

    The Financial Stability Oversight Council struck a blow on behalf of common sense in July when it exempted the asset management industry from facing the label of "too big to fail."

  • FSOC’s Behavior is Risky Business
    Article retrieved 09/22/2014  Contributer: Tonnie Wybensinger  Source: Financial Services Roundtable

    The Government Accountability Office issued a report today noting that the Financial Stability Oversight Council – the government body that decides if financial services companies pose risk to the economy – operates in the shadows and needs to be more transparent.

  • GAO: Dodd-Frank's stability council falling short
    Article retrieved 09/18/2014  Contributer: Benjamin Goad   Source: The Hill

    The interagency council established to monitor the economy for signs of distress after the 2008 financial crisis is falling short of its mission, the Government Accountability Office said Thursday.

  • U.S. House passes bill adjusting Dodd-Frank treatment of insurers
    Article retrieved 09/18/2014  Contributer: Emily Stephenson  Source: Reuters

    The U.S. House of Representatives voted on Tuesday to ease capital requirements for big insurance companies, an adjustment to the 2010 Dodd-Frank financial oversight law that enjoys bipartisan support but faces procedural hurdles in the Senate.

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Insurance Industry News

  • Conn. insurance commissioner says NAIC president showing 'disregard for good governance'
    Article retrieved 09/05/2014  Contributer: Adam Cancryn  Source: SNL.com

    Connecticut Insurance Commissioner Thomas Leonardi accused NAIC President and fellow state regulator Adam Hamm of having a "disregard for good governance" during a Sept. 3 talk at the Keefe Bruyette & Woods Insurance Conference.

  • Global Regulators Call for Closer Regulation of Financial Firms
    Article retrieved 09/04/2014  Contributer: Huw Jones, Reuters  Source: Insurance Journal

    Financial industry regulators need better coordination in the event of a big multinational financial institution failing or breaching compliance rules, the world’s top supervisory bodies have concluded in a survey.

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Federal Regulation

  • North Dakota Commissioner to Serve on Financial Stability Oversight Council
    Article retrieved 09/22/2014  Contributer: NAIC  Source: Insurance Journal

    The National Association of Insurance Commissioners (NAIC) appointed NAIC President and North Dakota Insurance Commissioner Adam Hamm to serve a two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC).

  • Designating life insurers as SIFIs creates uneven playing field
    Article retrieved 09/22/2014  Contributer: Dirk A. Kempthorne, President & CEO, ACLI  Source: The Hill

    The Financial Stability Oversight Council struck a blow on behalf of common sense in July when it exempted the asset management industry from facing the label of "too big to fail."

  • FSOC’s Behavior is Risky Business
    Article retrieved 09/22/2014  Contributer: Tonnie Wybensinger  Source: Financial Services Roundtable

    The Government Accountability Office issued a report today noting that the Financial Stability Oversight Council – the government body that decides if financial services companies pose risk to the economy – operates in the shadows and needs to be more transparent.

  • GAO: Dodd-Frank's stability council falling short
    Article retrieved 09/18/2014  Contributer: Benjamin Goad   Source: The Hill

    The interagency council established to monitor the economy for signs of distress after the 2008 financial crisis is falling short of its mission, the Government Accountability Office said Thursday.

  • U.S. House passes bill adjusting Dodd-Frank treatment of insurers
    Article retrieved 09/18/2014  Contributer: Emily Stephenson  Source: Reuters

    The U.S. House of Representatives voted on Tuesday to ease capital requirements for big insurance companies, an adjustment to the 2010 Dodd-Frank financial oversight law that enjoys bipartisan support but faces procedural hurdles in the Senate.

  • Insurer Capital Rules Sought by Tarullo Backed in House
    Article retrieved 09/18/2014  Contributer: Cheyenne Hopkins  Source: Bloomberg

    The Federal Reserve would get more flexibility to set separate capital standards for systemically important insurance companies under legislation passed by the U.S. House of Representatives.

  • Fed to go easy on insurance companies
    Article retrieved 09/10/2014  Contributer: Arthur D. Postal  Source: PropertyCasualty360.com

    The Federal Reserve Board outlined for itself a very circumscribed role in regulating insurance companies.

  • Why TheThe FSOC is Full of Hot Air
    Article retrieved 09/09/2014  Contributer: David Merkel  Source: Value Walk

    I’ve written about this before, but if the FSOC wants to prove that they don’t know what they are doing, they should define a large life insurer to be a systemic threat.

  • MetLife's Too-Big-to-Fail Fight
    Article retrieved 09/09/2014  Source: Wall Street Journal

    It's not easy to find a silver lining when an unelected federal bureaucracy designates a company too big to fail.

  • MetLife ‘Strongly Disagrees’ With FSOC Systemic Risk Ruling
    Article retrieved 09/05/2014  Contributer: Ian Katz and Zachary Tracer  Source: Washington Post

    MetLife Inc. was deemed systemically important by a panel of regulators, a decision that would subject the biggest U.S. life insurer to stricter Federal Reserve oversight.

  • MetLife disputes FSOC too-big-to-fail ruling
    Article retrieved 09/05/2014  Contributer: Kevin Dugan  Source: New York Post

    Snoopy may soon be put on Janet Yellen’s leash.

  • MetLife joins the SIFI list
    Article retrieved 09/05/2014  Contributer: Arthur D. Postal  Source: LifeHealthPro.com

    MetLife was designated a systemically important financial institution (SIFI) by the Financial Stability Oversight Council (FSOC) today.

  • U.S. Republican lawmakers say regulators treat insurers unfairly
    Article retrieved 09/03/2014  Contributer: Emily Stephenson, Reuters  Source: Yahoo News

    A group of Republican lawmakers on Tuesday accused U.S. regulators of "disparate treatment" of nonbank financial firms that are currently being considered for tougher oversight.

  • The Helicopter Parents At the FSOC Are Running With Scissors
    Article retrieved 08/27/2014  Contributer: Hester Peirce  Source: Real Clear Markets

    The Financial Stability Oversight Council is rumored to be on the verge of designating MetLife as a systemically important financial institution.

  • Jack Lew's Next Conquest
    Article retrieved 08/26/2014  Source: Wall Street Journal

    The federal Financial Stability Oversight Council finished collecting evidence last week as it considers whether the insurance company MetLife MET +0.46% is too big to fail.

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Companies in Receivership

  • Protecting Insurance Policyholders | Letter to the Editor
    Article retrieved 09/04/2014  Contributer: NOLHGA  Source: Roll Call

    In the commentary “Congress’ Obligation on Structured-Settlement Fraud” (Roll Call, Sept. 2, 2014), the author makes inaccurate statements about the protections provided by the state life and health insurance guaranty associations...

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Industry News Sources

The links below will take users to insurance news Web sites or to subscription pages for daily insurance newsletters.

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