Category: U.S. Department of the Treasury

A public hearing on how to proceed with reinsurance collateral reforms that could be precipitated by the recently signed Bilateral Agreement Between the United States of America and the European Union (“EU”) on Prudential Measures Regarding Insurance and Reinsurance (“Covered …

The U.S. Treasury advised this week that a statutory periodic analysis of certain matters relating to the Terrorism Risk Insurance Program (“TRIP”) is now underway. Originally enacted as part of the recovery from the 2001 World Trade Center 9-11 bombings …

The Federal Advisory Committee on Insurance (“FACI”) has scheduled its next public meeting on December 6, 2017, during which members will discuss a number of topics, including cyber regulation, the effect of natural catastrophes on the insurance marketplace, and U.S. …

In an October 26, 2017 report entitled “Third Report On The Administration’s Core Principles For Financial Regulation,” the U.S. Treasury has made a sweeping list of insurance regulatory overhaul recommendations aligned around the Trump Administration’s “Core Principles for Financial Regulation.” …

In response to to widespread damage caused by Hurricanes Harvey, Irma, and Maria, four federal financial institution regulatory agencies announced today, October 17, 2017, that they have taken action to facilitate the recovery process by temporarily easing appraisal requirements for …

The U.S. Treasury issued the following news release today, September 22, 2017: “The United States and European Union are pleased to announce the upcoming signature of the EU – U.S. agreement on prudential insurance and reinsurance measures (“the Agreement” hereafter) …

  In a statement issued today, July 14, 2017, the U.S. Department of the Treasury and the Office of the U.S. Trade Representative announced their intent to sign the Bilateral Agreement between the United States of America and the European …

  Pursuant to section 1028(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau (“CFPB”) issued a final Rule yesterday, July 10, 2017, that will regulate arbitration agreements in contracts for specified consumer financial …

On January 23, 2017, the Federal Insurance Office issued a report detailing the severe problems low- and moderate-income (“LMI”) Americans face in affording the auto insurance coverage required to be purchased by all states except New Hampshire.  Part of the …

  The U.S. Department of the Treasury and the Office of the U.S. Trade Representative (“USTR”) announced the successful completion of negotiations for a covered agreement with the European Union (“EU”) today, January 13, 2017.  Under Title V of the …