The Federal Reserve Board extended the comment period for a proposal on framework for supervision of insurance activities.
News & Insights
The Federal Reserve Board published in the Federal Register a request for comments on proposed guidance concerning a framework for the supervision of insurance activities by depository institution holding companies.
The Federal Reserve Board requested comment on proposed guidance on a framework for the supervision of any depository institution holding company that (i) is an insurance underwriting company, or (ii) has over 25 percent of its consolidated assets held by insurance underwriting subsidiaries.
A travel assistance services company settled its potential civil liability with OFAC for apparent violations of the Cuban Assets Control Regulations.
The U.S. District Court for the District of Maryland ruled that an insurance carrier should pay out on coverage it sold to a client whose computer system was damaged by a ransomware attack.