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

1929

Accounting differences hinder US-Canadian comparisons

Moody's contrasts US GAAP and C-IFRS for insurers

1927

"US will achieve equivalence"

Likely to be temporarily covered by transitional measures, says Fitch

1925

US coalition urges Congress to reform flood insurance

SmarterSafer encourages catastrophe bond usage

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

1899

Canada's pension assets may not match life expectancy

Many schemes are under-reserved for longevity risk, says Swiss Re