wells fargo scandal letter

The Wells Fargo scandal continues to bite with 38,000 erroneous letters mailed

The auto insurance scam involved selling unnecessary coverage and now includes sending letters containing mistakes. The Wells Fargo scandal that rocked the financial services company…

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Two-tier insurance company capital standards proposed by Fed

The concept is to treat exceptionally large firms differently from others within the industry. The Federal Reserve proposed new insurance company capital standards as a…

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Open federal insurance regulations meeting to be held on June 3

The U.S. Federal Reserve hopes that Friday will use this opportunity for proposals for capital and other rules for insurers. The U.S. Federal Reserve has…

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Two-tier insurance company standards coming soon from Feds

The Federal Reserve is going to be issuing a new requirements structure for firms labeled “too big to fail”. The Federal Reserve has now announced…

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Insurance news from Congress shows repairs coming to capital rules

There are a number of changes that are lined up to occur throughout this week to fix the current situation. Lawmakers from the U.S. Senate…

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US health insurance sector could be in for a shift

Mid-term elections see Republican Party take majority of political power in the country Mid-term elections in the United States have come and passed and now…

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Federal Reserve requests information from the insurance industry

Federal agency is asking insurers to provide more data concerning postcrisis capital rules The U.S. Federal Reserve has begun reaching out to the insurance industry…