Although doubts persist about whether federal banking regulators will ever really employ new powers to seize a large nonbank financial company, a new insurance product may signal the market's belief that such authority will one day be used.

The insurance broker Marsh USA Inc. recently unveiled protection for the prospect that the Federal Deposit Insurance Corp. — authorized by the Dodd-Frank Act to resolve firms too big for bankruptcy — could someday try to punish officers of a failed company by reclaiming their salaries.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access