Thump. That was the sound of one shoe dropping. Now, major insurers are hoping they won't hear the thump from the other shoe.
The Financial Stability Board of the G20 has released a list of nine global insurers that, the board said, need stringent operational oversight because of their potential for disrupting international financial markets.
The official designation is "systemically important" to global financial markets.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
