Category: Federal Insurance Office

  The U.S. Department of the Treasury’s Federal Insurance Office released a report on October 9, 2015 entitled “The Process for Certifying an ‘Act of Terrorism’ Under the Terrorism Risk Insurance Act of 2002” (“Report”). Mandated by the Terrorism Risk …

  New FIO Report Highlights Key Developments Throughout the U.S. Insurance Industry  The U.S. Department of the Treasury’s Federal Insurance Office (“FIO”) released its third Annual Report on the Insurance Industry (“Report”) today, September 28, 2015.   Under the Dodd-Frank …

  New Report Examines the State of the U.S. Market for Natural Disaster Insurance The U.S. Department of the Treasury’s Federal Insurance Office (“FIO”) released a statutory report on the current state of the market for natural catastrophe insurance in …

  Yesterday, September 23, 2015, the U.S. Department of the Treasury announced the appointment of nine individuals to serve as members of the Advisory Committee on Risk-Sharing Mechanisms (“ACRSM”).  The ACRSM, authorized by the Terrorism Risk Insurance Program Reauthorization Act …

  In an August 31, 2015 letter, the Financial Services Roundtable (“FSR”) requested the Federal Insurance Office (“FIO”) to withdraw its proposal to calculate a new auto affordability index, explaining that the FIO proposal fails to recognize key factors that drive insurance …

Above:  Colodny Fass’ Donovan Brown Notes Federal Advisory Committee on Insurance Meeting Scheduled for August 6    An overview of the national workers’ compensation market and the issue of affordability of personal auto insurance will headline the agenda for the …

Above:  Colodny Fass’ Donovan Brown Notes Federal Advisory Committee on Insurance Membership Expansion   Membership of the Federal Advisory Committee on Insurance (“FACI”) has been expanded from 21 members to up to 25 members, the U.S. Treasury announced today, July …

Above:  Colodny Fass’ Donovan Brown Notes Federal Insurance Office Still Working on Affordable, Available Personal Auto Liability Insurance Issues   In a Request for Information (“RFI”) published today, July 2, 2015, the Federal Insurance Office (“FIO”) is seeking comments and …

  At its meeting on May 19, 2015, the Financial Stability Oversight Council (“FSOC”) approved its 2015 Annual Report, which featured a comprehensive overview of various financial and related issues, interspersed with FSOC goals, insights and recommendations. To view the …

Above:  Colodny Fass’ Donovan Brown Notes U.S. Treasury Report On Federal Insurance Office Activities   The Federal Insurance Office (“FIO”) has procedures in place for conducting activities with the International Association of Insurance Supervisors (“IAIS”), but could improve its consultation …