Systemic Risk and Insurance

Author:

House Financial Services Committee- Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises

Report Type:

Testimony

Insurance is a complex and important part of the U.S. financial industry with more than $6.3 trillion in assets under management and $1.23 trillion in annual premiums. Modernizing the overall regulatory treatment of insurance is a must. Protecting against the risks certain sectors of the industry may pose and address the greater sensitivity that some industry segments have to external events is also examined.

Available Member Statements:

Witness List & Prepared Testimony:

The Honorable Peter Skinner, Member, European Parliament
The Honorable Michael T. McRaith, on behalf of the National Association of Insurance Commissioners
Ms. Teresa Bryce, on behalf of the Mortgage Insurance Companies of America
Mr. Sean McCarthy, Chief Operating Officer, Financial Security Assurance, Inc.
Mr. Kenneth F. Spence, Executive Vice President and General Counsel, Travelers
Mr. Franklin Nutter, President, Reinsurance Association of America
Mr. Patrick S. Baird, on behalf of the American Council of Life Insurers
Mr. John T. Hill, on behalf of the National Association of Mutual Insurance Companies

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Posted : Tuesday 16 June 2009 | Managing Editor

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Systemic Risk and Insurance

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Michel Houellebecq finally awarded the Prix Goncourt

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