Filed Under:Your Practice, Regulatory

NAIC's McCarty: How About Too Big to Bail, Instead of Too Big to Fail?

(AP Photo/Mary Altaffer, FILE)
(AP Photo/Mary Altaffer, FILE)

National Association of Insurance Commissioners President Kevin McCarty has tried to reframe the debate over the too-big-too fail issue with systemically important financial institutions (SIFI) by saying, instead, that the key term should not be "too big to fail," but rather, “too big to bail.”

McCarty spoke here at the NAIC Spring National Meeting in New Orleans to the Government Relations (EX) Leadership Council. He said that failure is part of the insurance model, and by designating a company as too big too fail, it encourages all kinds of behavior.

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date

Provided by LIFEHEALTHPRO

Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]

Provided by LIFEHEALTHPRO

In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI

Provided by LIFEHEALTHPRO

Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's

Provided by LIFEHEALTHPRO

An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources

Comments

Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Close
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.