Regulation & Compliance
Third Point Re Slapped With Negative Outlook From AM Best; Ratings Affirmed
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of "A-"(Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" of Bermuda-based ...
Weaker Post-Brexit Rules for Insurers, Banks Would Be a Disaster: BoE Official
Weakening rules for banks and insurers after Brexit would be "anathema," but Britain could change its style of regulating to respond faster to change, Bank of England Deputy Governor Sam Woods said ...
Florida Governor to Sign Industry-Backed Property Insurance Benefit Reform
Florida Governor Ron DeSantis has signaled he will sign the recently-passed property insurance reform legislation that the insurance industry and consumer advocates say will stem abuse of a policy ...
Putting Insurer Innovation Under the Rating Agency Microscope
Underway for some time now, the disruption of the insurance industry has moved into a new phase, following the announcement by A.M. Best that it may soon begin scoring insurers' innovation efforts. ...
Proposed U.S. Regulation Would Discourage Large Banks From Investing in Competitors’ Debt
U.S. bank regulators proposed a rule on Tuesday that would discourage large banks from heavily investing in debt issued by other large banks by requiring them to hold additional capital against such ...
The Challenges Go On for U.S. Commercial Auto in 2019: A.M. Best
Expect U.S. commercial auto insurance to improve somewhat in 2019 even as A.M. Best maintains its negative outlook for the sector over the next year. That split forecast stems from commercial auto ...
Climate Activists Push for Disclosure of Insured Fossil Fuel Projects
More than 60 environmental, consumer and social justice organizations on Thursday delivered a petition to California Insurance Commissioner Ricardo Lara seeking what is believed would be the first ...
Marijuana Is Legal; Now What? Workers Comp Carriers Prepare for Claims Ahead
There's no doubt marijuana is having a moment, with several states having passed legislation legalizing it for both medical and recreational use. Media focus has centered on the drug's benefits, but ...