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By Elizabeth D. Festa |
April 18, 2013
Lawsky is concerned the use of captives by insurers places the stability of the broader financial system at greater risk.
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By Elizabeth D. Festa |
April 7, 2013
Department resources, RBC requirements and captives/SPVs remain knots the task force must untangle.
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By Elizabeth D. Festa |
March 29, 2013
Know your CDAs from your SPVs and definitely your PBR.
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By Elizabeth Festa |
March 17, 2013
Connecticut’s insurance commissioner contends the FIO might be unnecessarily overlapping state turf.
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By Elizabeth D. Festa |
March 14, 2013
The FIO will have a parallel track study under its advisory committee. Will the recommendations be any different?
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By Elizabeth D. Festa |
December 2, 2012
New York says PBR will lead to lower reserves at a time of stress for insurers and a still-fragile economy.
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By Elizabeth D. Festa |
November 29, 2012
The regulatory divide between those loyal to captives and those who mistrust their use as tools to avoid SAP has deepened.
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By Elizabeth D. Festa |
November 27, 2012
On the eve of the NAIC manual adoption, New York Department of Financial Services Superintendent Benjamin Lawsky launched a warning to his insurance commissioners about principles-based reserving.
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By Elizabeth D. Festa |
November 26, 2012
Will New York be on board as the regulatory year comes to a close and legislative season readies to open?
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By Elizabeth D. Festa |
November 21, 2012
Some state regulators are raising the specter of the “shadow banking system” in addressing the captives issue.