As a history buff and insurance business fan, one of my favorite features of Insurance Advocate has always been the “Looking Back” page, with its reminders of what we were reading about our industry 25 years ago or more. It helps provide perspective, continuity and understanding of the issues that we faced then and that […]
(Attributed to Everett M. Dirksen, US Senator from Illinois, 1950-1969) Based on a very unscientific twoitem sample – the recent J.P. Morgan trading loss and the Executive Life of NY (ELNY) loss – the minimum point for media outrage apparently is $2 billion. How else can one explain the media attention to the $2 billion […]
Welcome to our first Insight column! When Steve Acunto asked me to write a regular column for Insurance Advocate, my first reaction was negative. At this stage in my career, why undertake an assignment with deadlines and the constant pressure to come up with something interesting and informative for the readership? Then I went back […]
The Federal Insurance Office – What It Is. [dropcap] T [/dropcap]he Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) established the FIO within the Treasury Department. The first Director of the FIO is Michael McRaith, the former Illinois Director of Insurance. In November 2011, the Treasury Secretary created a Federal Advisory Committee on […]
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