Archive for March 2022
FSOC – Activities
FSOC – Activities GOV – Hughes (ACLI) etc….. Roy Woodall – It is important to identify particular activities in order to encourage appropriate and further action that could lessen any company-specific threat to U.S. financial stability. *Paraphrasing what one insurance thought leader once told me: “We should not tolerate any insurance company posing a threat to…
Read MoreNAIC – The AIG Life Insurance Companies Were Fine
NAIC – The AIG Life Insurance Companies Were Fine Joel Ario (PA Insurance Commission) – Terri Vaughan – Eric Dinallo – Michael McRaith –
Read MoreNAIC – It Was AIG Financial Products
NAIC – It Was AIG Financial Products 2011 1116 – GOV (House) – Insurance Oversight and Legislative Proposals – [PDF-131p Ms. VELAZQUEZ: So you are telling me that the collapse of AIG didn’t send shock waves throughout the— Mr. TORTI (NAIC-RI): It absolutely did send shock waves, but that was the financial services division of AIG that…
Read MoreFSOC – Cost Benefit Analysis
FSOC – Cost Benefit Analysis MetLife v FSOC – District court, Judge, Decision 2011 1116 – GOV (House) – Insurance Oversight and Legislative Proposals – [PDF-131p] (p25) – Mr. STIVERS. And the last question, I guess, for Mr. Schwarcz, given our discussion earlier about subpoena power, is there any requirement now for the FIO to do…
Read MoreFSOC – MetLife – Run on the Bank
FSOC – MetLife – Run on the Bank Implausible Scenario – Metlife – FSOC Unlike countless banking products, insurance products are not designed to allow access to funds on demand, and often contain deterrents such as the policy limitations or penalties for early withdrawal. (p16) Document 43 – MetLife v FSOC – Consent Motion of…
Read MoreNAIC – Lobbyist
NAIC – Lobbyist To: Commissioner William H.L. Woodyard, Arkansas From: Commissioner Ed Birrane, Maryland Date; June 15, 1980 Re: Federal Intervention in Insurance Regulation A ‘motion to reconsider later failed by about ten votes. It seems to me sad that we were unable to swing one vote or that the NAIC was not aware (evidently)…
Read MoreMaybe the Federal Reserve Knows Something
Maybe the Federal Reserve Knows Something….maybe not 1980s Paul Volcker – (Federal Reserve Chairman, 1979-1987) 1990s Alan Greenspan – (Federal Reserve Chairman, 1987–2006) 2010s 2010 0127 – GOV (House) – The Federal Bailout AIG – [PDF-652p] Panel 1 – Geithner – [Video-YouTube] – They had no idea 2010 0430 – FCIC memo of staff interview with Sarah…
Read MoreDots – Guaranty Funds
Dots – Guaranty Funds Dwight K. Bartlett III, Maryland Insurance Commissione: Are you going to tell me, Bill, in all honesty that you really believe that the policyholders of Executive Life and Mutual Benefit Life have been well-served? For example, with Mutual Benefit, if you opted out of that rehabilitation plan you get, as I…
Read MoreDouglas Holtz-Eakin
Douglas Holtz-Eakin Director of the Congressional Budget Office – 2003-2005 FCIC Member, Financial Crisis Inquiry Commission AAF – American Action Forum CBO – Congressional Budget Office FCIC – Financial Crisis Inquiry Commission 2017 0328 – GOV (House) – The Arbitrary and Inconsistent Non-Bank SIFI Designation Process – [PDF-83p – VIDEO-Youtube] (p29) – Mr. ROSS (R-FL). …has…
Read MoreNAIC – CEOs
NAIC – CEO List Michael Consedine – NAIC CEO – January 2017 to Current, as of 2022 content.naic.org/about/michael-consedine Aegon, Transamerica, FACI Insurance Commissioner – Pennsyvania – 2011-2015 Ben Nelson – NAIC CEO – 2013 to 2016 Insurance Commissioner – Nebraska Senator Book – Terri Vaughan – NAIC CEO – 2009 to 2012 CEO – 2009…
Read More