U.S. House introduces legislation regarding capital requirements for insurers subject to Dodd-Frank *

USA - June 10 2013
Late last month, Rep. Gary Miller, R-Calif., and Rep. Carolyn McCarthy, D-N.Y., introduced the "Insurance Capital and Accounting Standards Act of…

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CFPB refers first debt collection case for criminal prosecution *

USA - May 9 2013
On May 7, 2013, the Consumer Financial Protection Bureau ("CFPB") announced the first criminal prosecution of a debt-relief service provider that…

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FIO solicits comments on availability of insurance for natural catastrophes *

USA - April 25 2013
The U.S. Treasury Department's Federal Insurance Office (FIO) is seeking comments on natural catastrophes and the current state of the market for…

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Florida Senate Committee approves bill repealing no-fault law *

USA - April 22 2013
On April 17, 2013, the Florida Senate Committee on Banking and Insurance approved SPB 7152 as committee bill SB 1888 (the "Bill"). The Bill would…

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NAIC to conduct survey on access to reinsurance data on behalf of FIO *

USA - April 22 2013
At the Spring Meeting of the National Association of Insurance Commissioners (NAIC), the NAIC Reinsurance Task Force announced that the Federal…

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