insurance sector

Scope of data shows wide picture of any systemic risk

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.

America's mental health care crisis: A story in numbers

By Bill Coffin | April 29, 2013

One in four adult Americans — nearly 58 million — experience a mental health disorder in any given year. How much of the overall cost burden is the insurance industry carrying?

Ohio addresses insurance professional shortage

By Noah Guillaume | March 20, 2013

The Ohio insurance industry launched Insuring Ohio Futures to recruit the next generation of professionals.

Fed Gov. Tarullo calls for prudence in G-SII designations

By Elizabeth D. Festa | February 25, 2013

Insurance interests embrace remarks Tarullo made in New York last week.

House FSC to FIO: Want to see overdue reports

By Elizabeth Festa | February 13, 2013

The modernization report, perhaps the most highly anticipated of the reports by insurers, was due almost 13 full months ago.

Leonardi assumes NAIC international regulatory mantle

By Liz Festa | January 28, 2013

Connecticut Insurance Commissioner Tom Leonardi will fill the seat left by Terri Vaughan as a state regulatory.

Ernst & Young solidifies its market share

By Michael K. Stanley | January 25, 2013

A report puts Ernst & Young with a 7 percent market share and a 20 percent growth rate.

Sen. Ben Nelson named new NAIC CEO

By Liz Festa | January 22, 2013

The former Nebraska senator has reportedly already met with Washington insurance officials to smooth the way.

Senators raise concerns about proposed capital standards for SIFIs

By Arthur D. Postal | November 15, 2012

The June proposal to implement the so-called “Basel III” standard would require banks and SIFI non-banks such as insurance companies to maintain “loss-absorbing capital” of at least 7 percent of risk-weighted assets.

Life insurance is sold, not bought. But for how long?

By Anand S. Rao | October 19, 2012

Technological, cultural and regulatory changes are forcing the life insurance sector to re-evaluate its fundamental belief that insurance is sold and not bought.