Republican National Convention delegates approved a platform Monday that calls for reinstating the Glass-Steagall Act and scaling back the Dodd-Frank financial overhaul, calling it the Democrats’ “legislative Godzilla.” The Glass-Steagall measure puts presumptive presidential nominee Donald Trump and his party …
The U.S. Department of the Treasury has named 12 individuals including several insurance industry executives, a professor, a consumer advocate and six state regulators to serve on the Federal Advisory Committee on Insurance (FACI). The FACI was established to provide …
Those wishing to tell the Equal Employment Opportunity Commission (EEOC) what they think of the agency’s existing regulations are being given the opportunity. The EEOC, which enforces laws on employment discrimination, has invited the public to comment on “significant existing …
Property/casualty insurance executives overwhelmingly predict growth in both cyber insurance and merger and acquisitions (M&A) activity in 2015, according to a new Insurance Information Institute annual survey. I.I.I.’s survey of executives attending its annual Property/Casualty Insurance Joint Industry Forum also …
MetLife Inc. said it will sue in federal court as part of Chief Executive Officer Steve Kandarian’s effort to overturn a finding that the insurer is systemically important. A complaint will be filed today in Washington to oppose the U.S. …
Methane emissions will likely be the next big environmental issue to face North Dakota’s booming oil industry according to a top official at the state’s Department of Health. Dave Glatt, chief of the Department of Health’s environmental health section, said …
After nearly two years of delay, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released its report on how to modernize and improve the system of insurance regulation in the United States. In its report, the FIO …
Over the next 12 months, the Obama administration is due to issue regulations governing everything from e-cigarettes to smoke-stack emissions in what experts predict will be a second-term rush to put rules in place before leaving office. “In every administration, …
In 1981, President Ronald Reagan instructed federal agencies that they could issue regulations only after demonstrating that their benefits justified their costs. With modest changes, Reagan’s successors, both Republican and Democratic, have continued to impose this requirement on agencies considering …
President Barack Obama’s nominee to serve as deputy U.S. Treasury Secretary told lawmakers on Wednesday she believes that large systemically important insurance companies should not face the same capital rules as banks. “A one-size-fits-all approach is not going to work …
