FSOC ruling a concern for property/casualty insurers

FSOC ruling a concern for property/casualty insurers

By BusinessInsurance.com

WASHINGTON—Property/casualty insurers remain concerned about the Financial Stability
Oversight Council’s final rule on which nonbank financial institutions present a systemic risk to
the U.S. economy and therefore are subject to heightened regulation.

The rule, which was published in the Federal Register last week and takes effect May 11, sets
a three-step process for FSOC to follow in determining which nonbank entities present a systemic
risk to the economy…

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