California Insurance Commissioner Steve Poizner generally seems pleased the President Obama has proposed an Office of National Insurance without creating a federal regulator. “The administration’s plan avoids the trap of creating a federal insurance regulator, which I have consistently opposed,” …
The Obama administration will call for a new U.S. Treasury Department office on insurance but won’t propose federal regulation of the industry in the sweeping financial reform plan it will unveil Wednesday. The Office of National Insurance, as proposed, would …
President Barack Obama plans on Wednesday to unveil his proposal to overhaul U.S. financial regulatory system. Here are the main provisions as outlined by administration officials and as detailed in a document obtained by Reuters. ELIMINATE THRIFT CHARTER, CREATE NATIONAL …
President Barack Obama will unveil on Wednesday his plans for reshaping U.S. financial regulation, with proposals to close one bank regulator and create new overseers for big-picture economic risk and consumer financial product safety. In a package of reforms that …
President Barack Obama warned doctors Monday the U.S. healthcare system was a ticking time bomb and urged them to support his overhaul, which includes a public insurance plan that many of them view with skepticism. Obama took his healthcare campaign …
The U.S. Treasury department today issued a white paper entitled, Financial Regulatory Reform: A New Foundation. The following is an excerpt from the report on insurance: Enhance Oversight of the Insurance Sector Our legislation will propose the establishment of the …
The Obama administration’s views on insurance regulation are in keeping with those of many within the property/casualty insurance industry as well as state regulators who now regulate the industry. Most in the industry are happy that the Obama Treasury Department …
With Republicans fighting the idea of a government-run health insurance plan, Obama administration officials said that they are open to a compromise: a cooperative program that would expand coverage with taxpayer money but without direct governmental control. Congress began work …
Credit default swaps are “instruments of destruction” that should be outlawed, billionaire investor George Soros said on Friday. Soros said the asymmetry of risk and reward embedded in CDS exerted so much downward pressure on the bonds underlying the contracts …
President Barack Obama Monday warned doctors the U.S. healthcare system was a ticking time bomb and urged them to support his overhaul plan, which includes a public insurance program that many of them view with skepticism. Obama took his healthcare …
