Insurance Regulation
Great American Insurance Entering Singapore Market
Great American Insurance Group is joining the procession of specialty insurers staffing up a new branch operation in Singapore, the group announced Friday. The group said that its lead insurer, Great ...
New York Hedge Fund Launches Bermuda Reinsurer
Sandell Asset Management Corp., the activist hedge-fund firm run by Tom Sandell, started a Bermuda-based reinsurer to support its investing strategy. Sandell Re will rely on the hedge fund to oversee ...
Monetary Incentives Don’t Prompt Whistleblowing; Protections Do
New research from North Carolina State University and Bucknell University finds that strong, reliable anti-retaliation policies can encourage employees to notify internal authorities of possible ...
Attacking Cyber Risk: NY Regulator Mandates Warranties from Insurer Vendors
Cybersecurity is likely the most important issue that the New York Department of Financial Services (DFS) will face in 2015, and perhaps for many years to come after that, New York Financial Services ...
Regulatory Vetting Prompts One-in-10 to Decline Financial Leader Jobs in U.K.
More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has got tougher since the financial crisis. People put forward for chief ...
California Commissioner Tells Insurers to Cease Price Optimization
California Insurance Commissioner Dave Jones on Wednesday issued a notice to property/casualty insurers doing business in California advising them that so-called "price optimization" in rate making ...
P/C Industry Lobbyists Hope to Shape FAA’s Proposed Drone Regs
Two insurance industry trade associations expressed support for proposed regulations governing commercial drone use, calling them a good first step. Worries remain, however, about how the regulations ...
Ohio Insurance Director Warns Insurers Against Using Price Optimization
Lieutenant Governor and Department of Insurance Director Mary Taylor has warned Ohio insurers against the use of price optimization that can result in unfair discrimination. Taylor recently issued ...