1997

NAIC testifies before Congress on Dodd-Frank

Joseph Torti emphasises the importance of state-based regulation

1982

CEA calls for more access to Indian insurance

Industry groups urge relaxation of foreign investment cap

1945

US Federal insurance committee needs a state lawmaker

NCOIL disappointed at composition of committee

1944

NAIC passes landmark model reinsurance law

Will allow reduction in collateral requirements for non-US reinsurers

1931

Lloyd's director appointed to Federal insurance committee

Committee is to advise Federal Insurance Office

1927

"US will achieve equivalence"

Likely to be temporarily covered by transitional measures, says Fitch

1923

The US presses ahead with its ORSA

A draft ORSA proposal is due to be discussed, and is expected to be adopted, at the NAIC fall 2011 national meeting starting 3 November. The basis of the NAIC proposal, which could become a key part of the regulatory framework for US insurers, is the draft ORSA Guidance Manual, whose key points Jean Connolly, Maryellen Coggins, Brian Paton, Tom Sullivan, Henry Jupe and David Scheinerman discuss here.

1915

Eiopa notes deviations between Bermudan regulation and Solvency II

Milliman comments on details of Eiopa's equivalence reports on Bermuda, Japan and Switzerland

1904

Final equivalence reports released by Eiopa

Eiopa publishes assessments of Bermuda, Japan and Switzerland

1903

Bermuda to start phasing in SCR at end of year

Follows trial run for small and medium-sized firms