Insurance companies (31 - 40 of 103 items)
Insurers' Ability to Pay Catastrophe Claims
GGD-00-57R: Published: Feb 8, 2000. Publicly Released: Mar 10, 2000.
Pursuant to a congressional request, GAO provided information on the insurance industry's capacity to pay natural catastrophe claims, focusing on: (1) comparing available data on industry financial resources to estimates of potential insured losses that would result from natural catastrophes of various magnitudes; (2) two recent studies of capacity; and (3) factors that may affect the stability of...
Year 2000: Insurance Regulators Have Accelerated Oversight, but Some Gaps Remain
GGD-00-42: Published: Dec 20, 1999. Publicly Released: Jan 11, 2000.
Pursuant to a congressional request, GAO provided information on the readiness of the insurance industry to meet the year 2000 date change, focusing on: (1) an updated assessment, as of September 30, 1999, of state regulatory oversight of the insurance industry's year 2000 preparations; and (2) the status of the industry's year 2000 readiness.GAO noted that: (1) since GAO's last report, the Nation...
Year 2000: State Insurance Regulators Face Challenges in Determining Industry Readiness
GGD-99-87: Published: Apr 30, 1999. Publicly Released: May 19, 1999.
Pursuant to a congressional request, GAO reviewed the readiness of the insurance industry to meet the year 2000 date change, focusing on: (1) what state regulators were doing to oversee the year 2000 readiness of the insurance industry; (2) how the regulatory oversight of the insurance industry's year 2000 readiness compared with the oversight of the banking and securities industries; (3) the stat...
Insurance Industry: Regulators Are Less Active in Encouraging and Validating Year 2000 Preparedness
T-GGD-99-56: Published: Mar 11, 1999. Publicly Released: Mar 11, 1999.
Pursuant to a congressional request, GAO discussed the banking, securities, and insurance regulators' efforts to validate their year 2000 preparedness.GAO noted that: (1) banking and securities regulators have supplied guidance and direction regarding year 2000 problems, while state insurance regulators GAO contacted have provided little guidance to their regulated institutions; (2) within the ban...
Insurance Regulation: Observations on the Receivership of Monarch Life Insurance Company
GGD-95-95: Published: Mar 22, 1995. Publicly Released: Mar 22, 1995.
Pursuant to a congressional request, GAO examined the placing of Monarch Life Insurance Company in receivership, focusing on: (1) whether the actions of the parent holding company or affiliated companies endangered the solvency of Monarch Life; and (2) the adequacy of regulatory oversight leading up to the insurance receivership.GAO found that: (1) the holding company pledged Monarch Life stock as...
Insurance Industry: Chronology of F.T. Riley's Activities and Related Regulatory Actions
OSI-95-5: Published: Oct 26, 1994. Publicly Released: Nov 18, 1994.
Pursuant to a congressional request, GAO investigated the insurance business practices of an insurer and his related companies, focusing on: (1) his methods of operations; and (2) the actions state regulators have taken against him and his associated companies.GAO found that: (1) prior to the passage of the Violent Crime Control and Law Enforcement Act, no federal statutes directly prohibited insu...
Federal Disaster Insurance
GGD-95-20R: Published: Nov 7, 1994. Publicly Released: Nov 7, 1994.
GAO commented on the proposed changes to the Natural Disaster Protection Act's primary insurance and reinsurance programs. GAO noted that: (1) the greatest concerns with the primary insurance program involve the difficulty in setting affordable rates, attaining adequate participation, and reducing multihazard coverage costs; (2) although recent computer modeling advances have enabled insurers to b...
Insurance Ratings: Comparison of Private Agency Ratings for Life/Health Insurers
GGD-94-204BR: Published: Sep 29, 1994. Publicly Released: Oct 7, 1994.
Pursuant to a congressional request, GAO reviewed private agency ratings for life and health insurers, focusing on: (1) the rating systems of the five major raters of life and health insurers; and (2) which raters were first to report the vulnerability of financially impaired or insolvent insurers between August 1989 and June 1992.GAO found that: (1) insurer ratings could not be easily compared, s...
Insurance Regulation: Shortcomings in Statutory Asset Reserving Methods for Life Insurers
GGD-94-124: Published: Jun 3, 1994. Publicly Released: Jun 3, 1994.
Pursuant to a congressional request, GAO reviewed the National Association of Insurance Commissioners' new methods of calculating statutory asset reserves for life insurers, focusing on whether the new methods overcome the shortcomings of the old mandatory securities valuation reserve (MSVR) method.GAO found that: (1) the asset valuation reserve (AVR) and interest maintenance reserve (IMR) methods...
Small Business: Information on Participation in SBA's Bonding Activities
RCED-94-134: Published: Mar 24, 1994. Publicly Released: Apr 28, 1994.
Pursuant to a legislative requirement, GAO reviewed whether the Small Business Administration's (SBA) Preferred Surety Bond Guarantee (PSB) Program: (1) increased standard sureties' participation in SBA bonding activities; and (2) expanded minority-owned businesses' access to SBA-guaranteed bonds.GAO found that: (1) the PSB program increased standard sureties' participation in SBA bonding activiti...