Category: Federal Insurance Office

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 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. …

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) …

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 …

  During late December 2016, the Federal Insurance Office issued guidance on Stand-Alone Cyber Liability Insurance Policies Under the Terrorism Risk Insurance Program.  To view the guidance document in its entirety on the Federal Register, click here. The guidance pertains …

  The U.S. Department of the Treasury’s Federal Insurance Office (“FIO”) released its first annual “Report on the Protection of Consumers and Access to Insurance” yesterday, November 21, 2016.  The first-of-its-kind report addresses a range of consumer protection issues that …

  The U.S. Department of the Treasury’s Federal Insurance Office (“FIO”) released its fourth Annual Report on the Insurance Industry on September 30, 2016.  Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the FIO must report …

  Federal Insurance Office Director Michael McRaith testified before the U.S. House Financial Services Subcommittee on Housing And Insurance at a hearing entitled “The Impact of US-EU Dialogues on U.S. Insurance Markets” today, September 28, 2016.  The hearing examined the process …

  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, the U.S. Department of the Treasury and the …