(Archived Content)
WASHINGTON – The U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released its first Annual Report on the Insurance Industry to the President and Congress.
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, FIO must report annually to the President and Congress on the state of the insurance industry and any other information deemed relevant or requested.
The Report addresses the financial performance and condition of the principal sectors within the industry, and provides a review of recent insurer insolvencies, risk management and portfolio investment activities. In addition, the Report reviews key legal and regulatory developments affecting the insurance industry in the United States and abroad, and discusses current and emerging trends that may have a significant impact on the industry and the stability of the U.S. financial system.
A copy of the report is available here.
###