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In addition to dramatically changing the policies of former President Trump on the pandemic, the economy, immigration, and other key issues, the Biden Administration is likely to substantially increase the federal government’s oversight of the insurance industry in at least two ways. First, by regulating non-bank companies that own insurers, and, second, through HUD, scrutinizing homeowners insurers for discriminatory underwriting, rating, and claims practices.
A. The Federal Reserve May Again Supervise Non-Bank Companies Which Own Insurers
The federal Financial Stability Oversight Council, under the leadership of Treasury Secretary Yellen, will probably revive the Obama Administration view that large financial firms that own operating insurance companies are fit candidates for designation as “systemically important financial institutions,” whose solvency will ultimately be regulated by the Federal Reserve.
BSG billigt Ausweitung ambulanter Operationen durch Selektivverträge aerztezeitung.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aerztezeitung.de Daily Mail and Mail on Sunday newspapers.
Tools exist to screen them from all top jobs. Washington’s nightmare is our wake-up call.
Mitchell Anderson is a freelance writer and frequent contributor to The Tyee. SHARES An epidemic of Trumps? A US study of corporate professionals found rates of full-blown psychopathy 15 times higher than in the general population.
Photo via Max Pixel/Free Great Picture, Creative Commons licensed.
The Inuit coined the word Kunlanget for someone who “repeatedly lies and cheats and steals things and does not go hunting and, when the other men are out of the village, takes sexual advantage of many women.” The Yoruba people of Nigeria describe an Aranakan as an individual who “always goes his own way regardless of others, who is unco-operative, full of malice, and bullheaded.” Remind you of anyone with access to nuclear launch codes?