CFPA – Consumer Financial Protection Agency CFPB – Consumer Finance Protection Bureau 2009 1023 – InvestmentNews – Insurance advocates laud changes to Consumer Financial Protection Agency Act – [link] Members of the insurance industry are applauding an amendment to the Consumer Financial Protection Agency Act of 2009 that eliminates a section that would have given the…

Read More

United States vs. South-Eastern Underwriters Association 1944 – LC – UNITED STATES v. SOUTH-EASTERN UNDERWRITERS ASSOCIATION (SEUA) ET AL., APPEAL FROM THE DISTRICT COURT OF THE UNITED STATES FOR THE NORTHERN DISTRICT OF GEORGIA., No. 354. Argued January 11, 1944.-Decided June 5, 1944 – 63p

Read More

Church Church Committe – GOV (Senate) 2008 0919 – LC –  AmerUS Life Insurance Company v. Bobby Ray Smith al., 1061535., Supreme Court of Alabama. Decided: September 19, 2008 2017 0831 – WSJ – Life Insurer Faces Off Against African-American Church in Battle Over Rates As life insurers raise rates on old policies, customers are pushing…

Read More

PWG – President’s Working Group PWG-FM – President’s Working Group on Financial Market PWG-S – President’s Working Group on Supervision 1999 0428 – Report – PWG-FM / President’s Working Group on Financial Markets – Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management – [PDF-140p] 1999 11 – PWG-FM / President’s Working Group on Financial…

Read More

FBI – Federal Bureau of Investigation (p108) – 377. A May 4, 2005, Wall Street Journal article indicated that the Federal Bureau of Investigations had begun conducting criminal probes of accounting at insurance companies, including AIG. That article read, in relevant part: FBI field officers congregated in Washington, D.C., last week to discuss the topic…

Read More

NGA – National Governors Association nga.org 2018 0227 – (NGA) – National Governors Association to GOV (House Committee on Oversight and Government Reform) – On Federalism Implications of Treating States as Stakeholders – 5p Regarding federal preemption, governors recognize the need for federal intervention should states fail to act collectively on issues of legitimate concern. Preemption…

Read More

FHFA – Federal Housing Finance Agency Collateralization of Advances and Other Credit Products to Insurance Company Members Number: AB 2013-09 – Pertains To: FHL Banks – 12/23/2013 – [link] Federal Housing Finance Agency (FHFA) – [link] The Federal Home Loan Bank System was created by the Federal Home Loan Bank Act as a government sponsored enterprise…

Read More

ERISA – Employee Retirement Income Security Act of 1974 dol.gov///erisa Pacific Lumber, Executive Life Lockheed, Athene PBGC – Pension Benefit Guaranty Corporation Guaranty Fund 1989 – LC – Firestone Tire & Rubber Co. v. Bruch., No. 87-1054., Supreme Court of United States. 489 U.S. 101 – [link-Google-Scholar] Argued November 30, 1988, Decided February 21, 1989…

Read More

Informed Policymakers We believe it is very important for the subcommittee, and other committees in Congress with jurisdiction over insurance, to have a sound understanding of how our industry operates… …, I would like to focus my remarks this morning on why the ACLI believes that the new Federal Insurance Office, FIO, is an extremely…

Read More