Core systems

Parts of the plan, including giving the Fed sole authority to police risks to the financial system, eliminating the thrift and specialty charters and scaling back national banks' preemption powers, are likely to prove too ambitious to succeed.

Witnesses say size should not be the sole consideration when determining which enterprises pose a threat to the economy as a whole.

Like their insurance carrier customers, Forrester research shows insurance application vendors also are looking to expand into new geographic markets.

Citing states’ history of consumer protection and market stability, the state-based insurance regulatory system is one of critical checks and balances, says Illinois Insurance Director.

Amount sufficient, says Conning Research, but long-tail claims are now thinning reserves.

Pointing to “gaps and weaknesses” in the supervision and regulation of financial firms, AIG is identified as the government’s most visible example of a firm that escaped the “strictures” of serious holding company regulation.

Starting a service-oriented architecture project requires a push from the business side; IT can’t do it alone.

A.M. Best and Fitch Ratings announce a number of changes, including an affirmation of Fidelity Investment Life Insurance and Pacific Life, and a downgrade of Highmark Inc.

Willis Group Holdings chairman and CEO says the insurance industry can take advantage of the need for greater transparency in business transactions resulting from the financial crisis.

ACORD LOMA and IASA will be a scant 10 days apart, but will marketing budgets support attendance at both?

The insurer joins The Hartford as a participant in the TARP program, and will sell its UK-based life insurance business to SLF of Canada UK Limited.

The Group of North American Insurance Enterprises believes changes to the Available for Sale (AFS) classification of investments could harm insurers' ability to present an accurate representation of an insurance company’s financial condition or performance.

A Towers Perrin survey reveals property/casualty insurance prices have gone down less than 1% in that time span.

Group warns of regulatory arbitrage in a letter to Treasury Secretary.

Association urges NAIC to streamline regulations.

Society of Actuaries and Aon warns that organizations will need to step up their business continuity and preparedness plans in response to the pandemic declaration.

While Principal Financial Group says no to funding, The Hartford Financial will receive up to $3.4 billion in federal TARP funds.

Agent-based insurers have been slow to develop a comprehensive multi-channel distribution strategy, and this could result in lost customers, lost agents and profitability struggles, according to a Forrester report.

Observers said the new standards, unveiled earlier this week, include a call to require compensation committees to be independent of management, are already widely practiced, and would not have a significant impact.

Critics of new health care legislation contend that a public option would eventually displace the private market.