Insurance Capital Standards Clarification Act Of 2014 (S. 2270; 113th Congress)
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Insurance Capital Standards Clarification Act Of 2014 (S. 2270; 113th Congress)
The Insurance Capital Standards Clarification Act of 2014 () is a United States bill that would amend the Dodd–Frank Wall Street Reform and Consumer Protection Act to "clarify the application of certain leverage and risk-based requirements". The bill was passed during the 113th United States Congress and signed into law on December 18, 2014. Background The bill was written in response to some claims by Federal reserve Board lawyers that the way the law is current written, they are required to apply rules about bank capital standards to insurance companies. A companion measure was introduced in the United States House of Representatives. Provisions of the bill The bill would give states more control over the "business insurance of foreign companies doing business within the United States." The bill would revise section 171 of the Dodd–Frank Wall Street Reform and Consumer Protection Act, a section which is sometimes called the "Collins Amendment". The bill would "clarify th ...
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Tom Coburn
Thomas Allen Coburn (March 14, 1948 – March 28, 2020) was an American politician and physician who served as a United States senator for Oklahoma from 2005, until his resignation in 2015. A Republican, he previously served as a United States representative. Coburn was elected to the United States House of Representatives in 1994 as part of the Republican Revolution. He upheld his campaign pledge to serve no more than three consecutive terms and did not run for re-election in 2000. In 2004, he returned to political life with a successful run for the United States Senate. Coburn was re-elected to a second term in 2010 and kept his pledge not to seek a third term in 2016. In January 2014, Coburn announced he would resign before the expiration of his final term due to a recurrence of prostate cancer. He submitted a letter of resignation to Oklahoma Governor Mary Fallin, effective at the end of the 113th Congress. Coburn was a fiscal and social conservative, known for his o ...
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The Hill (newspaper)
''The Hill'' is an American newspaper and digital media company based in Washington, D.C. that was founded in 1994. Focusing on politics, policy, business and international relations, ''The Hill''s coverage includes the U.S. Congress, the presidency and executive branch, and election campaigns. ''The Hill'' describes its output as "nonpartisan reporting on the inner workings of Government and the nexus of politics and business". The company's primary outlet is TheHill.com. ''The Hill'' is additionally distributed in print for free around Washington, D.C. and distributed to all congressional offices. It is owned by Nexstar Media Group. History Founding and early years The company was founded as a newspaper in 1994 by Democratic power broker and New York businessman Jerry Finkelstein, and Martin Tolchin, a former correspondent for ''The New York Times''. New York Representative Gary L. Ackerman was also a major shareholder. The name of the publication alludes to " Capitol Hill" a ...
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Mark A
Mark may refer to: Currency * Bosnia and Herzegovina convertible mark, the currency of Bosnia and Herzegovina * East German mark, the currency of the German Democratic Republic * Estonian mark, the currency of Estonia between 1918 and 1927 * Finnish markka ( sv, finsk mark, links=no), the currency of Finland from 1860 until 28 February 2002 * Mark (currency), a currency or unit of account in many nations * Polish mark ( pl, marka polska, links=no), the currency of the Kingdom of Poland and of the Republic of Poland between 1917 and 1924 German * Deutsche Mark, the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until 2002 * German gold mark, the currency used in the German Empire from 1873 to 1914 * German Papiermark, the German currency from 4 August 1914 * German rentenmark, a currency issued on 15 November 1923 to stop the hyperinflation of 1922 and 1923 in Weimar Germany * Lodz Ghetto mark, a special currency for Lodz Ghetto. * ...
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Politico
''Politico'' (stylized in all caps), known originally as ''The Politico'', is an American, German-owned political journalism newspaper company based in Arlington County, Virginia, that covers politics and policy in the United States and internationally. It primarily distributes content online but also with printed newspapers, radio, and podcasts. Its coverage in Washington, D.C., includes the U.S. Congress, lobbying, the media, and the presidency. Axel Springer SE, a German publisher, announced in August 2021 that it had agreed to buy Politico from founder Robert Allbritton for over $1 billion. The closing took place in late October 2021. The new owners said they would add staff, and at some point, put the publication's news content behind a paywall. Axel Springer is Europe's largest newspaper publisher and had previously acquired ''Insider''. History Origins, style, and growth ''Politico'' was founded in 2007 to focus on politics with fast-paced Internet reporting in gr ...
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Roll Call
''Roll Call'' is a newspaper and website published in Washington, D.C., United States, when the United States Congress is in session, reporting news of legislative and political maneuverings on Capitol Hill, as well as political coverage of congressional elections across the country. ''Roll Call'' is the flagship publication of CQ Roll Call, which also operates: CQ (formerly ''Congressional Quarterly''), publisher of a subscriber-based service for daily and weekly news about Congress and politics, as well as a weekly magazine. Roll Call's regular columnists are Walter Shapiro, Mary C. Curtis, Patricia Murphy, and Stu Rothenberger. History ''Roll Call'' was founded in 1955 by Sid Yudain, a press secretary to Congressman Al Morano (R-Conn.). The inaugural issue of the newspaper was published on June 16, 1955, with an initial printing of 10,000 copies. Richard Nixon, then Vice President of the United States, wrote a letter to Yudain congratulating him on the new venture. Ni ...
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American Council Of Life Insurers
The American Council of Life Insurers (ACLI) is a Washington, D.C.-based lobbying and trade group for the life insurance industry. ACLI represents 290 insurance companies that account for 95 percent of the U.S. life insurance industry's total assets. According to its website, ACLI represents "legal reserve life insurance companies and fraternal benefit societies operating in the United States before federal and state policymakers, insurance departments, and the courts." The group was founded in 1976. Susan K. Neely is the organization's president and chief executive officer. She succeeded former Governor of Idaho Dirk Kempthorne, who led ACLI from 2010 to 2018. Prior to that, former Oklahoma Governor Frank Keating Francis Anthony Keating II (initially born as David Rowland Keating) (born February 10, 1944) is an American attorney and politician who served as the 25th governor of Oklahoma from 1995 to 2003. , Keating is one of only five governors in Okl ... led ACLI from 200 ...
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USAA
The United Services Automobile Association (USAA) is a San Antonio-based Fortune 500 diversified financial services group of companies including a Texas Department of Insurance-regulated reciprocal inter-insurance exchange and subsidiaries offering banking, investing, and insurance to people and families who serve, or served, in the United States Armed Forces. At the end of 2020, it had more than 13 million members. USAA was founded in 1922 in San Antonio by a group of 25 U.S. Army officers as a mechanism for mutual self-insurance when they were unable to secure auto insurance because of the perception that they, as military officers, were a high-risk group. USAA has since expanded to offer banking and insurance services to past and present members of the Armed Forces, officers and enlisted, and their families. The company ranked No. 96th in the 2020 Fortune 500 list of the largest United States corporations by total revenue and appeared on Fortune's 2021 Blue Ribbon list of compa ...
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State Farm
State Farm Insurance is a large group of mutual insurance companies throughout the United States with corporate headquarters in Bloomington, Illinois. Overview State Farm is the largest property and casualty insurance provider, and the largest auto insurance provider, in the United States. State Farm is ranked 42nd in the 2022 Fortune 500, which lists American companies by revenue. State Farm relies on exclusive agents (also known as captive agents) to sell insurance. Only State Farm agents can sell State Farm insurance, and their agents can sell only State Farm products. Financial services State Farm has expanded into the financial services arena, such as banking and mutual funds. The bank opened in May 1999 and is operated by State Farm Financial Services, FSB, a subsidiary of State Farm Mutual Automobile Insurance Co. These are separate from its insurance products. State Farm Bank does not have branch offices. Its regular banking services, which include checking a ...
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MetLife
MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries. The firm was founded on March 24, 1868. MetLife ranked No. 43 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. On January 6, 1915, MetLife completed the mutualization process, changing from a stock life insurance company owned by individuals to a mutual company operating without external shareholders and for the benefit of policyholders. After 85 years as a mutual company, MetLife demutualized into a publicly traded company with an initial public offering in 2000. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia's Pacific region, Europe, and the Middle East. MetLife serves 90 ...
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Prudential Financial
Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both retail and institutional customers throughout the United States and in over 40 other countries. In 2019, Prudential was the largest insurance provider in the United States with $815.1 billion in total assets. The company uses the Rock of Gibraltar as its logo. Logo The use of Prudential's symbol, the Rock of Gibraltar, began after an advertising agent passed Laurel Hill, a volcanic neck, in Secaucus, New Jersey, on a train in the 1890s. The related slogans "Get a Piece of the Rock" and "Strength of Gibraltar" are also still quite widely associated with Prudential, though current advertising uses neither of these. Through the years, the symbol went through various versions, but in 1989, a simplified pictogram symbol of the Rock of Gibraltar was adopted. It has been used ...
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American International Group
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/america-canada/us/documents/investor-relations/2019/aig-2018-annual-report.pdf page 7 The company operates through three core businesses: General Insurance, Life & Retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets. AIG is a sponsor of the AIG Women's Open golf tournament. AIG's corporate headquarters are in New York City and the company also has offices around the world. AIG serves 87% of the Fortune Global 500 and 83% of the Forbes 2000. AIG was ranked 60th on the 2018 Fortune 500 list. According to the 2016 Forbes Global 2000 list, AIG ...
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United States Senate
The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and powers of the Senate are established by Article One of the United States Constitution. The Senate is composed of senators, each of whom represents a single state in its entirety. Each of the 50 states is equally represented by two senators who serve staggered terms of six years, for a total of 100 senators. The vice president of the United States serves as presiding officer and president of the Senate by virtue of that office, despite not being a senator, and has a vote only if the Senate is equally divided. In the vice president's absence, the president pro tempore, who is traditionally the senior member of the party holding a majority of seats, presides over the Senate. As the upper chamber of Congress, the Senate has several powers o ...
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