Does the current regulatory environment pose barriers to growing the private flood insurance market? This was the question the U.S. Government Accountability Office (“GAO”) set out to answer in its...
The Louisiana Department of Insurance issued Bulletin No. 2016-05 today, July 29, 2016, to advise that all domestic property and casualty insurers that transact business in terrorism related coverage lines will be...
Joint Statement On U.S.-EU Negotiations For A Bilateral Agreement On Insurance And Reinsurance Measures The U.S. Treasury and European Union released the following joint statement today, July 28, 2016:...
The U.S. Department of the Treasury advised today, July 19, 2016, that the Financial Markets Regulatory Dialogue (“FMRD”) will now be known as the Joint U.S.–E.U. Financial Regulatory Forum...
On May 3, 2016, the Federal Reserve Board proposed a rule to support U.S. financial stability by enhancing the resolvability of very large and complex financial firms. The proposal would require U.S. global...
At its meeting yesterday, June 21, 2016, the Financial Stability Oversight Council (“FSOC” or “Council”) unanimously approved its 2016 annual report, which was developed collaboratively by the...
On June 17, 2016, four federal financial institution regulatory agencies issued a joint statement on the new accounting standard, Accounting Standards Update (ASU) No. 2016-13, Financial Instruments – Credit...
The United States and the European Union (“EU”) released the following joint statement on negotiations for a bilateral agreement on insurance and reinsurance measures today, May 27, 2016: In November 2015,...
Just before the June 1 start of the 2016 Hurricane Season, U.S. Senator Marco Rubio (R-Fla.), chairman of the Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard, convened a hearing entitled...
Federal Reserve Governor Daniel Tarullo addressed the National Association of Insurance Commissioners’ (“NAIC”) 10th annual International Insurance Forum today, May 20, 2016, providing insight into...