Conference on Alternative Designs for a Modern Insurance Regulatory Structure
The most significant financial legislation since the 1930s, the Dodd-Frank Act, did not make major changes to how the insurance industry should be regulated. Instead, the Act created the Federal Insurance Office within the Treasury Department to develop expertise in this area and advise on how to modernize insurance regulation. Given the importance of the insurance industry to the economy, and its significant transition over the past few decades without corresponding updates to its regulation, this conference explores several controversial issues related to modernizing the insurance sector. First, what should be the roles of the States, the National Association of Insurance Commissioners (NAIC) and the Federal Government be with respect to the regulation of insurance companies? Second, are there changes that should be sought in modernizing the safety net for insurance? Third, what are the criteria to determine whether an insurance entity is systemically important, and, more broadly, should there be changes to regulating the financial failure risk of insurance companies?Date:
Friday, March 2, 2012
Conference Location:
NYU Stern School of Business
Kaufman Management Center, Room 1-70
44 West Fourth Street
New York, NY 10012
Directions to Stern: Click here
Registration Fee: $75 (Students: No charge)
Contact: salomon@stern.nyu.edu Tel: 212-998-0700
Program
| 8:00 | Registration & Continental Breakfast |
| 8:20 | Opening Remarks |
| 8:30 | Therese M. (Terri) Vaughan, Chair of the NAIC (Speech and Q&A) |
| 9:15 | The Risk of Insurance Companies Viral V. Acharya, NYU Stern School of Business Scott Campion, Oliver Wyman Douglas J. Elliott, Brookings Institution Anna L. Paulson, Federal Reserve Bank of Chicago |
| 10:45 | Refreshment Break |
| 11:00 | The Safety Net and Insurance Guaranty Funds John H. Biggs, Executive in Residence, NYU Stern School of Business Scott E. Harrington, The Wharton School, University of Pennsylvania Peter Gallanis, President, National Organization of Life and Health Guaranty Associations (NOLHGA) |
| 12:30 | Lunch Keynote Speaker Governor Dirk A. Kempthorne, President, ACLI |
| 2:00 | States Versus Federal Regulation of Insurance Companies Shawn A. Cole, Harvard Business School Eric R. Dinallo, Debevoise & Plimpton (former NY State Insurance Commissioner Matthew Richardson, NYU Stern School of Business |
| 3:30 | S. Roy Woodall, Independent Member of the Financial Stability Oversight Council Summary Comments on the Panels and Q&A |
| 4:15 | Conference Adjourns |
Registration
| Make check payable to New York University and mail to: NYU Stern School of Business Salomon Center 44 West 4th Street, Suite 9-160 New York, NY 10012 | Credit Card Payments Click here |
