Regulation and compliance
Regulation and compliance
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With the National Association of Insurance Commissioners looking closely at industry- data security practices through a task force, its likely that new standards soon will emerge.
February 2 -
The filing will also help the company avoid a Securities and Exchange Commission move to appoint a receiver, which could lead to a liquidation and make an appeal of the judgment impossible.
January 22 -
The insurer is mounting the strongest opposition yet to a provision of the 2010 Dodd-Frank law, which was passed to prevent future financial crises.
January 13 -
After weeks of uncertainty, President Barack Obama Signed Into Law the Terrorism Risk Insurance Act of 2015, making terrorism insurance affordable and available.
January 13 -
Having passed both the House and Senate, the Terrorism Risk Insurance and National Association of Registered Agents and Brokers acts advance toward Presidential approval.
January 8 -
The legislation, which includes a measure to enact the NARAB Reform Act of 2015, now moves to the U.S. Senate for approval, after it expired on Dec., 31, 2014.
January 8 -
The bill now goes to the Senate for a vote that would send the measure to President Barack Obama to be signed into law.
January 8 -
Congress fails to reauthorize the Terrorism Risk Insurance Act before adjourning for the year, undoing a program for shared public and private compensation for insured losses resulting from acts of terrorism.
December 30 -
The ruling subjects MetLife to stricter Federal Reserve oversight; the insurer can appeal in U.S. district court within 30 days.
December 29 -
The near failure in 2008 of American International Group Inc., which required a $182.3 billion bailout, highlighted the risks of insurers.
December 19 -
Easing the regulatory burden is the happy by-product of many core system upgrades.
December 19 -
The insurer expanded this year to more than $900 billion in assets, passing Goldman Sachs Group Inc. to become the fifth- largest company in the Standard & Poors 500 Index on that basis.
December 18 -
Efforts to reauthorize the Terrorism Risk Insurance Act for six years fell apart after Senator Tom Coburn, an Oklahoma Republican who is retiring, held up the legislation.
December 17 -
Insurers are learning that compliance doesnt always have to be about red tape and adding cumbersome new procedures.
December 16 -
The Coalition to Insure Against Terrorism warns that if the insurance-industry protection program isn't re-upped, places and events that look enticing to terrorists won't be able to get the insurance they need.
December 16 -
Insurers create special-purpose entities in states with less-restrictive rules and shift customer policies into those units.
December 15 -
House unanimously passed the bill; insurers had lobbied for the change to the 2010 Dodd-Frank financial-regulation overhaul.
December 12 -
Senate approval would move the measure to President Barack Obama for final approval.
December 11 -
Majority Leader Harry Reid, a Nevada Democrat, told reporters today he didnt expect the insurance plan extension to be part of a must- pass federal spending measure being negotiated this week.
December 10 -
The group of federal magistrate judges in Brooklyn and Central Islip rejected arguments by insurers that disclosure was unfair or burdensome.
December 10