March 6, 2012
The glacial pace of unwinding American International Group’s mammoth $182 billion federal bailout inched along ever-so-slightly faster this past month. While this is good news, there remain some significant causes for alarm. Most recently, AIG announced March 5 it had sold 1.72 billion shares of its remaining stake in AIA Group Ltd., the large Hong [...]
March 2, 2012
It isn’t often that we find ourselves in agreement with J. Robert Hunter, director of insurance for the Consumer Federation of America. The former Texas insurance commissioner and federal insurance administrator is a staunch believer in rate regulation for the insurance industry, where we believe price controls stand in the way of allowing insurers to [...]
March 1, 2012
A trio of large states that recently banded together to require insurers comply with a climate risk survey process originally developed – but later withdrawn – by the NAIC are acting contrary to the “spirit of interstate comity and collegiality upon which the efficiency of the state based insurance regulatory framework vitally depends,” two of [...]
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