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Language on Authority of New Federal Insurance Office Agreed to by Drafters of the House and Senate Financial Reform Bill

Late last week, the House and Senate drafters of the Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 4173) came to final compromise on the language creating the first ever office in the federal government that is focused on the insurance industry called the Federal Insurance Office (the...

House-Senate Conferees Agree on Language for New Federal Insurance Office Authority-Download Federal Insurance Office Act of 2010

Late last week, the House and Senate drafters of the Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 4173) came to final compromise on the language creating the first ever office in the federal government that is focused on the insurance industry called the Federal Insurance Office (the...

Reed Smith LLP on the Dodd-Frank Wall Street Reform and Consumer Protection Act's Effect on the Insurance Industry

By Paul R. Walker-Bright, Partner, Reed Smith LLP In his commentary, “Reed Smith LLP on the Dodd-Frank Wall Street Reform and Consumer Protection Act’s Affect on the Insurance Industry” Paul Walker-Bright states that on July 15, 2010 the United States Senate passed the “Dodd...

Property Casualty Insurers React to Dodd-Frank Act; New Federal Insurance Office

WASHINGTON, DC -- David A. Sampson, president and CEO of the Property Casualty Insurers Association of America (PCI), issued the following statement on President Obama's signing of the Dodd-Frank Act and the newly created Federal Insurance Office (FIO). "The Dodd-Frank Act will rewrite the...

Federal Insurance Office and Future Federal Regulation of Insurance - the Dodd-Frank Wall Street Reform and Consumer Protection Act

By Paul R. Walker-Bright, Partner, Reed Smith LLP In his commentary, “Reed Smith LLP on the Dodd-Frank Wall Street Reform and Consumer Protection Act’s Affect on the Insurance Industry” Paul Walker-Bright states that on July 15, 2010 the United States Senate passed the “Dodd...

Impact of the New Federal Financial Regulatory Reform Law on Reinsurance and Surplus Lines Insurance, nonadmitted insurers

By SNR Denton On July 21, 2010, after several weeks of deliberations in the Senate and the House of Representatives, President Obama signed HR 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act. Of most importance to surplus line insurers and reinsurers, HR 4173 does not alter the...

K&L Gates on Dodd-Frank Wall Street Reform: Future Rulemaking

Excerpt: On June 30, 2010, the House adopted the conference report on H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Bill" or "Bill"). The Senate is expected to follow suit when it returns from recess later in July. This alert provides a high...

Impact of the New Federal Financial Regulatory Reform Law on Life Insurance

By SNR Denton On July 21, 2010, after several weeks of deliberations in the Senate and the House of Representatives, President Obama signed HR 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act. Of most importance to life insurers, HR 4173 does not alter the current state...

Impact of the New Federal Financial Regulatory Reform Law on Risk Managers and Insurance Brokers

By SNR Denton On July 21, 2010, after several weeks of deliberations in the Senate and the House of Representatives, President Obama signed HR 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act. Of greatest importance to risk managers and their brokers, HR 4173: (1) creates...

LexisNexis® Insurance Law Community Podcast featuring Paul Walker-Bright of Reed Smith on the Impact of the Dodd-Frank Act on the U.S. Insurance Industry

On this edition, Paul Walker-Bright of Reed Smith in Chicago discusses the provisions in the Dodd-Frank Act that deal with or affect the insurance industry, aspects of the industry that may be exempt from Act's insurance provisions and the authority the Federal Insurance Office will have to monitor...

Podcast: Dodd Frank Wall Street Reform and Consumer Protection Act's Impact on Insurance with Reed Smith's Paul Walker-Bright

On this edition, Paul Walker-Bright of Reed Smith in Chicago discusses the provisions in the Dodd-Frank Act that deal with or affect the insurance industry, aspects of the industry that may be exempt from Act's insurance provisions and the authority the Federal Insurance Office will have to monitor...

Dodd-Frank's Impact - Federal Insurance Office and State Regulation: Bridges to Nowhere or Building a Bridge?

By Carrie E. Cope, Shareholder, Schuyler Roche & Crisham, P.C. At one point or another, the availability of insurance has a substantial, and sometimes dramatic, impact on our lives. At the consumer level, it can mean the affordability of life-saving surgery or the accessibility of a home mortgage...

How the Office of National Insurance Act of 2010 Threatens State Insurance Regulation

By Karl L. Rubinstein 1 Title V of the new Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) is named the “Federal Insurance Office Act of 2010.” Several provisions of Title V---foreshadow massive federal intrusion into the insurance industry and a likely...

LexisNexis® Insurance Law Community Podcast featuring Susan Voss, President of the National Association of Insurance Commissioners

On this edition, LexisNexis Insurance Law Community Manager Karen Yotis talks with Susan E. Voss, Commissioner of the Iowa Insurance Division and President of the NAIC, discusses the recent commissioners conference, health care reform issues, financial services oversight, the relationship with the new...

Long-Awaited Federal Insurance Office Report Proposes Hybrid Regulatory Model

The Federal Insurance Office (FIO) has – nearly two years overdue – finally published its long awaited report to Congress on its recommendations for the modernization of insurance regulation in the United States. The broadly ranging 65-page report identifies limitations in the current state...