1.

Record Nr.

UNINA9910824242903321

Titolo

Modernizing insurance regulation / / John H. Biggs and Matthew P. Richardson, editors

Pubbl/distr/stampa

Hoboken, New Jersey : , : Wiley, , 2014

©2014

ISBN

1-118-76679-2

1-118-75875-7

1-118-75884-6

Descrizione fisica

1 online resource (304 pages)

Collana

Wiley Finance Series

Classificazione

BUS033070

Disciplina

368

Soggetti

Insurance

Insurance law

Risk management

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Includes index.

Nota di bibliografia

Includes bibliographical references at the end of each chapters and index.

Sommario/riassunto

"Experts from NYU's Stern School of Business offer in-depth analysis on insurance regulations and their economic impactOver the next five years there will be many ideas presented and debated on the appropriate regulation of insurers. The Dodd-Frank Act calls for the creation of a Federal Insurance Office, with a mandate to bring to Congress a plan for "modernizing insurance regulation." Dodd-Frank also created a mechanism under the key new entity, the Federal Systemic Oversight Committee (FSOC), to take on a regulatory role for non-bank holding companies (including insurers) deemed to be "systemic." There is much controversy about this issue in particular, with regulators and insurers debating the fundamental question: are insurers systemically risky financial institutions?This expert team of contributors addresses those questions as well as the changing regulatory and economic landscape of the insurance industry, offering insight into what future institutions will look like and how they must adapt now. Topics covered include:  Insurance industry concerns  The



impact of Dodd-Frank  Systemic risks and insurance companies  Federal versus state regulations  The insurer safety net  Contributors to this work include top academics, CEOs of major insurance companies, state regulators, and those appointed under Dodd-Frank to fill insurer expert roles in the federal government, including Governor Dirk Kempthorne, Anna Paulson, Scott Harrington, Scott Campion, Roger Ferguson, Theresa Vaughan, Eric Dinallo, Shawn Cole, Peter Gallanis, and David Cummins"--