The Risk Management Blog
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The Great Recession is not known for inspiring great things, but it did spur the creation of the Dodd-Frank bill, which, among many things, created the Financial Stability Oversight Council and the Federal Insurance Office. And the near-collapse of the U.S. economy did wonders for the discipline of risk management. As a result, according to [...]
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The U.S. Treasury Department has announced plans to create a committee to advise regulators on insurance issues. This comes after the insurance industry complained that it was being left out on details regarding important information from the Financial Stability Oversight Council. Industry groups, including the Property Casualty Insurers Association of America, have said insurance companies [...]
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Whether you like it or not, the Dodd-Frank Wall Street Reform and Consumer Protection Act is now law. Passed by the Senate finally last week and signed by President Obama yesterday, financial reform will have wide-ranging implications for the financial services sector (including the insurance industry), the rest of corporate America and, really, just the [...]
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