Fed Looking to Oversee Insurers that Own Savings & Loans Banks

Fed GovernmentFollowing is a list of insurers currently targeted by the Fed for additional oversight because they operate a thrift. While some of the companies on this list are seeking to shed their thrifts to avoid addtional federal regulation, others are willing to live with additional federal oversight.

Source: Source: SNL & National Underwriters | Published on May 4, 2012

According to federal regulators, the list of companies under scrutiny by the Fed is a "moving target," and it is subject to change.

Insurer: AIG/Thrift: AIG FSB (Wilton, CN)

Insurer: Ameriprise/Thrift: Ameriprise Bank FSB (Minneapolis, MN)

Insurer: Auto Club Insurance Association/Thrift: Auto Club Trust Bank FSB (Dearborn, MI)

Insurer: CICO Holding/Thrift: Colonial Savings Bank (Fort Worth, TX) Note: The thrift and Colonial Life and Colonial Mortgage Insurance Co. are under common ownership, though the insurance companies do not directly own the thrift.

Insurer: Country Financial/Thrift: Country Trust Bank (Bloomington, IL)

Insurer: Northwestern Mutual/Thrift: NW Mutual Wealth Management Co. (Milwaukee, WI)

Insurer: MassMutual/Thrift: MassMutual Trust Co. FSB (Springfield, MA)

Insurer: Donegal Mutual/Thrift: Union Comm Bank FSB (Marietta, PA)

Insurer: First American/Thrift: First American Trust FSB (Santa Ana, CA)

Insurer: TIAA-CREF/Thrift: TIAA-CREF Trust Co. FSB (St. Louis, MO)

Insurer: Prudential Financial/Thrift: Prudential Bank and Trust FSB (Philadelphia, PA) Note: Prudential is in the process of selling off deposits and converting its thrift to a trust bank.

Insurer: Ohio Farmers/Thrift: Westfield Bank FSB (Westfield Center, OH)

Insurer: Polish National Alliance of the U.S./Thrift: PNA Bank (Chicago, IL)

Insurer: Shelter Mutual/Thrift: Shelter Financial Bank (Nashville, TN)

Insurer: State Farm/Thrift: State Farm Bank FSB (Bloomington, IL)

Insurer: N.J Manufacturers/Thrift: N.J.M Bank FSB (West Trenton, NJ)

Insurer: UNIFI MHC/Thrift: Acacia FSB (Falls Church, VA)

Insurer: USAA/Thrift: USAA FSB (San Antonio, TX)

Insurer: WPS Health/Thrift: WPS Comm Bank FSB (Madison, WI)

Insurer: W.R. Berkley/Thrift: InsurBanc (Farmington, CN)