MetLife CEO Pushback at SIFI is One Voice Among Many April 12, 2013Steven Kandarian's comments at the April 10 Capital Markets Summit harmonize with those of other carriers and industry associations in a rare case of unanimity. Technology and History Accelerate Insurers' Risk Management Evolution April 11, 2013Insurance chief risk officers are rising to greater prominence within their organizations as regulation and technological possibilities drive rapid evolution of risk quantification technology and techniques. FIO Modernization Report 13 Months Late, Along With Other Deliverables February 15, 2013HFSC urges FIO to deliver "long overdue" reports and says it will work to limit the FIO from imposing unwarranted or excessive data collection burdens on the insurance sector or on small insurers in particular. Making ERM Part of an Insurer's Culture Requires People, Not Just Technology February 08, 2013Effective risk management is not about trying to avoid risk; it is about striking a balance between minimizing risk and maximizing reward. Impact of 2012 Election on Insurance: More of the Same? November 09, 2012Regardless of the implications for the insurance industry of the reelection of Barack Obama as U.S. president, insurers are still facing an increasingly complex and tech-driven competitive environment. FIO Misses Modernization Report Deadline February 01, 2012The delay of the insurance modernization report mandated by the Dodd-Frank Act adds to a long list of missed deadlines. Barney Frank's Next Role -- Treasury Secretary? November 29, 2011Barney Frank, the Dodd-Frank co-author and advocate of tougher bank regulation, who announced he will not seek reelection to the House of Representatives in 2012, leaves a mixed legacy for the financial services industry -- and says he will not be "a lobby Crowd-Sourcing Insurance Regulations November 14, 2011Many insurance industry players are opposed to any kind of regulatory change, but the industry faces a number of critical regulatory issues in 2012. Another British Invasion? The New Wave of Insurance Regulation October 10, 2011Just as the musical "British Invasion" ultimately had a lasting impact on American music and
culture, the synergy of regulatory reforms in the U.S. and Europe are also aimed at constructive
global cooperation, a blending of the best of both worlds. Roy Woodall Confirmed as Financial Oversight Council's Insurance Expert September 27, 2011The industry and regulatory veteran takes a voting position in the body. What Has Changed in Insurance in 10 Years? September 09, 2011The financial services industry survived, and has even thrived, in the 10 years after the 9/11 terrorist attacks. Technology played a key role in the industry’s recovery, as well as helping drive changes that came out of the insurance industry’ Dodd-Frank Anniversary Marked by Missed Deadlines, Hostile Counter Legislation July 22, 2011Over 131 rule-making deadlines have been missed, The House has passed a bill to limit the powers of the Consumer Financial Protection Bureau. The Federal Insurance Office faces a Jan. 2012 deadline for its report on modernizing the insurance industry. McRaith Officially Named Head of Federal Insurance Office March 17, 2011As Insurance & Technology reported several days ago, the new regulatory body will be headed by the former Illinois insurance director. McRaith a Favorable FIO Director Choice for Insurers March 04, 2011The head of the Illinois Department of Insurance is well-equipped to represent both the merits of the existing state-based regime and also the legitimate concerns of insurance companies. The Federal Insurance Office Has a Face. Now What? March 04, 2011The expected appointment of Michael McRaith as head of the recently created Federal Insurance Office is the first breeze pushing aside the clouds of uncertainty over the body. Dodd-Frank Title V Overview February 08, 2011Insurance & Technology breaks down the industry implications of Title V of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Dodd-Frank Effect February 08, 2011The financial crisis and resulting regulatory reform have resurrected efforts to introduce federal oversight of the U.S. insurance industry. Financial Reform Law’s Ultimate Impact on Insurance Remains Unclear July 16, 2010While the Dodd-Frank bill, expected to be signed into law by President Obama next week, has spared insurers explicit duplicative regulation, the powers of the new Federal Insurance Office remain undefined. Insurance Trade Associations Mostly Relieved by Financial Reform Bill Deal June 30, 2010Duplicative federal regulation of the insurance industry is essentially absent from the Dodd-Frank bill that emerged from a Marathon session in Congress June 25.