About the Author
Elizabeth D. Festa
Elizabeth Festa, Regulatory & Compliance News Editor for LifeHealthPro.com, is a longtime financial and regulatory affairs journalist with a background in insurance, securities, the investment advisor space and telecomm deregulation, both in Washington and New York. She has worked at everything from old-school newsletter sheets punched into binders to an international wire service to a hyper-local blog, and has free-lanced for major and regional newspapers and magazines on a variety for features, real estate and lifestyle stories. She found herself covering insurance when all her colleagues covered banking, and figured an actuary could talk circles around a banker and stay in a Rolodex (she still uses one) a lot longer. Elizabeth learned insurance regulatory issues on the back of the demutualization/investment bank movement and Glass Steagall reform efforts in the late 1990s and went religiously to four NAIC meetings a year, sitting in the cheap seats in back with the skeptical accountants, heckling consultants and the pacing consumer advocates. Fast forward, after a decade of real estate and Internet company boom and bust, and she is back on the beat again, covering insurance modernization, which is an evolving process, she has learned, not a destination. Festa can be reached at efesta@sbmedia.com or on Twitter@LHPro_Reg.
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By Elizabeth Festa |
May 14, 2013
In the fight on breach of fiduciary duty, Edward Stone plans to sue MetLife, Credit Suisse and N.Y. insurance superintendents.
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By Elizabeth Festa |
May 13, 2013
With more disclosure, we will be able to have a more coherent, public debate on this, Paul Sharma says.
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By Elizabeth D. Festa |
May 9, 2013
The head of NAIC is calling for the IAIS to assess the project before it goes any further.
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By Elizabeth D. Festa |
May 9, 2013
The conflict is between the capital standards set under Dodd-Frank and the minimum floor set by the Collins Amendment.
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By Elizabeth D. Festa |
May 7, 2013
One rule would require a participant’s accrued benefits to be listed as an estimated lifetime stream of payments.
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By Elizabeth D. Festa |
May 1, 2013
New York insurance regulators have the captives industry and private equity firms that own annuity companies under a microscope for their effect on financial solvency and stability and they fear policyholders may be left holding the bag.
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By Elizabeth D. Festa, Arthur D. Postal |
April 29, 2013
The buyout was spearheaded by Jessica Bibliowicz, daughter of former Citigroup CEO Sanford Weill.
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By Arthur D. Postal, Elizabeth D. Festa |
April 25, 2013
An FSOC official said the focus is due to the increased risk people take on when interest rates and volatility are low.
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By Elizabeth Festa |
April 24, 2013
What Congressman doesn't use a "Twilight Zone" reference now and then to describe health care reform over the years?
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By Arthur D. Postal, Elizabeth D. Festa |
April 24, 2013
They will meet Thursday to approve the FSOC annual report, but signs indicate the first designation of a SIFI is near.