National association of insurance commissioners (naic)
Brad Hoffman, head of operational risk at MassMutual, discusses his concerns about disclosing information in the Orsa and the risks the assessment process can pose, as well as the need for an exit strategy...
States concerned over use of ‘deregulatory' valuation approach and harsh penalties for insurers that breach new regulations
More National association of insurance commissioners (naic) articles
Tensions are building between US state regulators and the Federal Insurance Office, the body established by the Dodd-Frank Act to monitor the insurance industry and represent the US on prudential insurance matters.
Thomas Leonardi, head insurance regulator for Connecticut, argues that the Dodd-Frank reforms of insurance supervision may not address the causes of the crisis
Recommendations over supervisory colleges, private mortgage insurance and reinsurance collateral rejected by NAIC members
Piecemeal reform of reinsurance laws continues to frustrate Lloyd’s market
Long-awaited report proposes reforms to US state and federal practices
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
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