Selecting Elementary Programs In Long Term Insurance

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Woodall, 80, told Reuters that he would not want to serve another full six-year term, but would be willing to stay on until a replacement can be confirmed. Several large insurers fought their SIFI designations, arguing that they do not pose the same kind of risks as big banks. Prudential Financial Inc. and American International Group Inc. still carry the designation, but Prudential is widely expected to seek to have it rescinded. Industry executives say that if Woodall leaves without a replacement lined up, it could hurt their chances of success. Nobodys Puppet Two-thirds of FSOCs sitting members must support rescinding a designation for it to happen, and regulatory matters impactinginsurancecompanies are likely to come up during crucial FSOC meetings. A formerinsurancecommissioner of Kentucky, Woodall has more than 50 years of experience ininsuranceregulation, law and policymaking. Former President Barack Obama appointed him to the FSOC in 2011. He voted against designating Prudential and MetLife Inc. as SIFIs, but was outnumbered by his other FSOC colleagues.

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