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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

  • FSOC likely to allow nonbank SIFIs to challenge designations every 5 years
    Article retrieved 01/22/2015  Contributer: Elizabeth Festa  Source: SNL

    The Financial Stability Oversight Council is expected to adopt new procedures for communication and transparency in the nonbank systemically important financial institutions designation process, including a chance for designated companies to challenge their designations before the council every five years, according to discussions at a council meeting Jan. 21.

  • Changes Backed for Oversight Process of Big Financial Firms
    Article retrieved 01/22/2015  Contributer: MARTIN CRUTSINGER, AP  Source: ABC News

    Top financial regulators said Wednesday they believe changes should be made to the way big financial firms are chosen for stricter oversight.

  • LTCI administrator adds actuarial muscle
    Article retrieved 01/07/2015  Contributer: Allison Bell  Source: LifeHealthPro.com

    Long Term Care Group Inc. (LTCG), a major long-term care insurance (LTCI) administrator, has acquired an 11-member actuarial team from Towers Watson (NYSE:TW).

  • Redmer to Return as Maryland’s Insurance Commissioner
    Article retrieved 01/06/2015  Source: Insurance Journal

    Maryland’s Republican Gov.-elect Larry Hogan has named Al Redmer, Jr. to be the state’s insurance commissioner.

  • Universal Health Care trustee trying to recoup payouts
    Article retrieved 12/29/2014  Contributer: Susan Taylor Martin & Jeff Harrington  Source: Tampa Bay Times

    Before Universal Health Care declared bankruptcy last year, it spent more than $1 million on personal expenses of founder Dr. Akshay Desai including charitable donations and political contributions. Now recipients of that largesse are "potential targets" of a bankruptcy trustee seeking to recoup at least some of the money, according to a recent filing in federal bankruptcy court in Tampa.

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Insurance Industry News

  • LTCI administrator adds actuarial muscle
    Article retrieved 01/07/2015  Contributer: Allison Bell  Source: LifeHealthPro.com

    Long Term Care Group Inc. (LTCG), a major long-term care insurance (LTCI) administrator, has acquired an 11-member actuarial team from Towers Watson (NYSE:TW).

  • Redmer to Return as Maryland’s Insurance Commissioner
    Article retrieved 01/06/2015  Source: Insurance Journal

    Maryland’s Republican Gov.-elect Larry Hogan has named Al Redmer, Jr. to be the state’s insurance commissioner.

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Federal Regulation

  • Changes Backed for Oversight Process of Big Financial Firms
    Article retrieved 01/22/2015  Contributer: MARTIN CRUTSINGER, AP  Source: ABC News

    Top financial regulators said Wednesday they believe changes should be made to the way big financial firms are chosen for stricter oversight.

  • FSOC likely to allow nonbank SIFIs to challenge designations every 5 years
    Article retrieved 01/22/2015  Contributer: Elizabeth Festa  Source: SNL

    The Financial Stability Oversight Council is expected to adopt new procedures for communication and transparency in the nonbank systemically important financial institutions designation process, including a chance for designated companies to challenge their designations before the council every five years, according to discussions at a council meeting Jan. 21.

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Companies in Receivership

  • Universal Health Care trustee trying to recoup payouts
    Article retrieved 12/29/2014  Contributer: Susan Taylor Martin & Jeff Harrington  Source: Tampa Bay Times

    Before Universal Health Care declared bankruptcy last year, it spent more than $1 million on personal expenses of founder Dr. Akshay Desai including charitable donations and political contributions. Now recipients of that largesse are "potential targets" of a bankruptcy trustee seeking to recoup at least some of the money, according to a recent filing in federal bankruptcy court in Tampa.

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Industry News Sources

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

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