Insurance Regulation
China Will Merge Its Insurance, Banking Agencies in Big Regulatory Revamp
China is merging its banking and insurance regulators, giving new powers to policymaking bodies such as the central bank and creating new ministries in the biggest government shake-up in years. The ...
Bank of England Will Stay Vigilant in Enforcing EU Insurance Rules
The Bank of England will not "go soft" on enforcing European Union capital rules for insurers, although it will look at ways to make it easier for new entrants to boost competition in the industry, ...
China P/C Insurers Reportedly See 2017 Operating Cash Flow Turn Negative Amid Crackdown
China's insurance firms saw their net operating cash flow slump 65 percent last year, a source said citing data in a government memo, underscoring the challenges facing the sector as it reels from a ...
AIG, Argo, EMC CEOs Stress Importance of Balanced Regulatory Environment
At the Insurance Information Institute's (I.I.I.) 2018 P/C Joint Industry Forum, held January 16 at New York City's Marriott Marquis, panelists stressed the importance of a balanced regulatory ...
Florida Court, Regulator Reject Policy Language to Curb AOB Abuse
Florida appeals court has sided with the state's insurance regulator in rejecting policy language filed by a Florida homeowners insurer to restrict the use of assignment of benefits. The decision ...
Federal, State Regulators Propose Consolidated Collection of Terrorism Insurance Data
The process carriers follow to collect data required under the U.S. federal terrorism reinsurance program are moving toward a more streamlined approach in 2018. Previously, U.S. Department of ...
Fla. Puts Workers Comp Carrier Guarantee Insurance in Receivership
Florida insurance regulators have placed workers compensation carrier Guarantee Insurance Co. in receivership due to inadequate reserves. According to documents from the Florida Office of Insurance ...
Global Regulators Rethinking How to Assist Risks in Large Insurers
Global regulators are rethinking how to assess risks in big insurance companies, marking a shift that could make life easier for the industry. The Financial Stability Board said on Tuesday it could ...