A federal appeals court has voided Rule 151A, a regulation that would have treated indexed annuities as securities, placing them under the U.S. Securities and Exchange Commission.

The House Financial Service Committee approved a bill creating a federal insurance office. The office, to be run by the U.S. Treasury Department, would provide information to Congress on insurance matters, as well as work on global insurance initiatives.

Still questioning the need for a federal regulator of insurance amid strong state-based oversight, the National Association of Insurance Commissioners is praising lawmakers for amendments to a bill establishing a Federal Insurance Office.

The organization representing the states’ insurance commissioners encouraged Congress to supplement, not replace, the state-based, coordinated system of oversight of financial markets.

Insurance industry executives worry about the effect of regulation on their performance over the next few years, but disagree on how financial service regulatory reform should unfold, according to a recent survey.

Legislation aimed at creating a national insurance office has a new name, but the same proponent seeking to establish a federal insurance regulator.

Maryland Insurance Commissioner Ralph S. Tyler and other insurance industry officials testified before the U.S. House Financial Services Committee that insurance does not need additional consumer protection from the federal …  Read →

Five of the nation’s largest organizations representing the life insurance industry are voicing their support for optional federal insurance regulation to legislators.

In a statement issued June 15, the American Council …  Read →

As the Obama Administration gets closer to a plan for financial services regulatory reform, the American Council of Life Insurers is reiterating its stance that those efforts should include an …  Read →

Two U.S. senators are poised to introduce legislation that would effectively do away with the state-based system of insurance regulation.