MetLife Inc. said it will sue in federal court as part of Chief Executive Officer Steve Kandarian’s effort to overturn a finding that the insurer is systemically important. A complaint will be filed today in Washington to oppose the U.S. …
U.S. regulators are close to a final decision to label MetLife Inc. systemically important, two people with knowledge of the matter said, setting up a potential legal battle with the country’s largest life insurer. The Financial Stability Oversight Council is …
Missouri Department of Insurance Director John M. Huff has received the Distinguished Service Award from the National Association of Insurance Commissioners. He was recognized for his tenure on the U.S. Department of Treasury’s Financial Stability Oversight Council (FSOC). “I am …
MetLife Inc. Chief Executive Officer Steven Kandarian was accompanied by Washington lawyer Eugene Scalia at a hearing Monday to challenge regulators’ proposal to subject the insurer to Federal Reserve oversight, a person with knowledge of the matter said. MetLife Chief …
MetLife will plead against being branded a super-risky financial firm at a meeting next week with regulators, a company spokesman said, as the U.S. insurer tries to escape oversight by the Federal Reserve. The Financial Stability Oversight Council, a group …
Delaware Insurance Commissioner Karen Weldin Stewart has recently sent a letter to U.S. Treasury Secretary Jacob Lew and other federal regulators urging them to reconsider their vote to propose that MetLife be labeled as a “systemically important financial institution” (SIFI). …
U.S. Treasury Secretary Jacob J. Lew said a council of financial regulators will consider changes to how it evaluates companies for systemically important designation. The Financial Stability Oversight Council “will begin to consider possible changes in the coming months” after …
MetLife Inc., the largest U.S. life insurer, is challenging a U.S. finding that it poses a potential risk to the financial system if it were to fail. MetLife requested a hearing before the Financial Stability Oversight Council, or FSOC, to …
The National Association of Insurance Commissioners (NAIC) appointed NAIC President and North Dakota Insurance Commissioner Adam Hamm to serve a two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC). The 15-member FSOC was created …
Insurer MetLife said it is exploring ways to fight the U.S. government’s proposal on Thursday to deem it “systemically important” and subject it to stronger regulatory oversight. MetLife is the third insurer to be tapped for such a designation, which …
