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News Archive: Insurance Regulation

Insurance to be Addressed as Regulatory Reform Bill Moves to Conference

Now that the House of Representatives and Senate have finally passed versions of a regulatory reform package, the legislation now moves to a conference where both chambers must work to reconcile the two versions. (Posted: 5/25/2010)

NAMIC Responds to Senate Passage of Wall St. Reform Bill

The National Association of Mutual Insurance Companies (NAMIC) responded today to Senate passage of S. 3217, the Restoring American Stability Act of 2010. (Posted: 5/21/2010)

NAMIC Working on Specific Amendments to Senate Regulatory Reform Bill to Protect Mutual Insurers

As the Senate regulatory reform package nears completion, NAMIC has identified two offered amendments to the bill that need to be addressed in order to prevent mutual insurance companies from being unfairly included in regulations meant for large commercial banks. (Posted: 5/18/2010)

Senate in Third Week of Debate over Regulatory Reform

This week, the Senate is continuing debate for the third week on S. 3217, the Restoring Financial Stability Act. Almost two years after the first financial collapse, the debate over transforming the regulations of the financial services sector may culminate this week. (Posted: 5/11/2010)

Financial Services Regulatory Reform Negotiations Continue in Senate

The comprehensive financial services regulatory reform bill crafted by Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn., continues to be negotiated. It was passed out of a committee markup on a pure party line vote last month and it is not clear when it will come to the floor of the Senate. (Posted: 4/13/2010)

NAMIC Remains Concerned by ONI Powers in Dodd Bill

NAMIC remains concerned about the latest version of financial services reform legislation unveiled by Sen. Chris Dodd, D-Conn., on Monday, specifically with regards to the powers granted to the proposed Office of National Insurance. (Posted: 3/15/2010)

Congressional Committees Examine Myriad of Issues While Waiting on Regulatory Reform

While Congress, the administration, and the financial services industry await the new Senate draft on financial services regulatory reform, the House Financial Services Committee and Senate Banking Committee have moved on to addressing issues placed on the backburner in the first session of the 111th Congress. (Posted: 3/9/2010)

Financial Services Industry Still Anticipating Movement on Regulatory Reform

A year and half after the start of the financial crisis, there is still no clear indication of whether Congress will be able to adopt legislation to reform the regulation of the financial services industry. (Posted: 3/9/2010)

Senate Negotiators Develop Enhanced Resolution Authority Proposal

As negotiations continue in the Senate on comprehensive financial services regulatory reform, it is expected that one aspect will be the creation of an enhanced resolution authority that would allow the federal government to wind down failing financial firms, which would include insurance companies. (Posted: 3/2/2010)

Senate Regulatory Reform Debate Continues to Develop

Last week, Sen. Christopher Dodd, D-Conn., Chairman of the Senate Banking Committee, announced that negotiations with his Republican counterpart, Sen. Richard Shelby, R-Ala., on comprehensive financial services regulatory reform legislation had come to a stand-still – calling into question whether this legislation would move at all in the 111th Congress. (Posted: 2/16/2010)

California: NAMIC, PADIC Submits Written Comments on Proposed Revisions to Regulation on Reporting, Filing Premium Taxes (1/26/2010)

Financial Services Regulatory Reform Debate Moves to the Senate (12/15/2009)

House Passes Sweeping Financial Regulatory Reform Legislation (12/15/2009)

NAMIC Responds to House Passage of Wall St. Reform Bill (12/11/2009)

Financial Services Committee Approves Federal Insurance Office Legislation (12/2/2009)

NAMIC: Property Casualty Insurers Not a Systemic Risk (12/2/2009)

House Committee to Pass Legislation on Federal Insurance Office, Systemic Risk Regulation, and Resolution Authority (12/1/2009)

NAMIC Missouri Members Urge Representatives to Oppose Legislation Creating Duplicative Regulatory Regime (12/1/2009)

Sens. Dodd and Shelby Split Over Divisive Regulatory Reform Proposals (11/17/2009)

Congress Continues Work on New Systemic Risk Regulator (11/17/2009)

An Office By Any Other Name… (10/6/2009)

NAMIC to Host Press Conference for New Public Policy Paper (10/6/2009)

New Report Warns Against Applying Systemic Risk Regulation to Insurers (9/22/2009)

Financial Services Regulatory Reform Debate Picks Up Steam (9/22/2009)

Maryland: NAMIC Issues Comment on Slavery-Era Insurance Regulation (8/11/2009)

NAMIC Encouraged but Cautious About Administration’s New White Paper (6/17/2009)

Property/Casualty Insurance Industry Should Not Be Subject to New Federal Systemic Authority, NAMIC Tells Congress (6/16/2009)

NAMIC Attends White House Meeting on Regulatory Reform (6/9/2009)

Kanjorski Reintroduces OII (6/2/2009)

Congress Returns From Recess With Packed Summer Agenda (6/2/2009)

Bill to Streamline Agent Licensing Introduced in the House (5/26/2009)

Colorado: Insurance Division to Hold Rule-Making Hearing on Proposed Auto Insurance Consumer Protections Regulation (5/26/2009)

Surplus Lines Regulatory Reform Bill Introduced (5/26/2009)

Congress Holds Hearing on Federal Insurance Regulation (5/19/2009)

Chairman Frank Sees Systemic Risk Proposal by End of June (5/19/2009)