Regulation & Compliance
U.S. Insurers Push to Keep Key Expert on Financial Stability Oversight Council
With no sign of a replacement in the works, the U.S. insurance industry is pushing to prevent the departure of a key figure on the federal body that determines how large insurance companies are ...
AmTrust’s Stock Plunges After Media Report Alleges 2014 FBI Investigation Over Accounting Practices
AmTrust Financial saw its stock price plunge nearly 19 percent Tuesday following a Wall Street Journal report alleging a 2014 FBI investigation of its accounting practices. The New York-based ...
Insurance Insiders Voice Optimism About Trump’s Tax, Regulatory Positions
Less than 100 days into the U.S. Presidency of Donald Trump, the ultimate shape of regulatory and tax reform remains very much in question. P/C insurance trade associations have expressed hope that ...
NY Regulator: States Should Use Its Cybersecurity Rules as Template
A group of U.S. state insurance regulators should use New York's sweeping cyber security rules as a model for how insurers must protect their networks from hackers and when they must disclose cyber ...
China’s Top Insurance Regulator Under Investigation in Corruption Probe
China's anti-graft agency is probing the nation's top insurance official Xiang Junbo as the government steps up a bid to rein in financial risks amid an economic slowdown. Xiang, chairman of the ...
ProPublica, Consumer Reports Respond to Criticism of Report on Auto Insurance Prices in Minority Areas
ProPublica and Consumer Reports have issued a response to the opinion column by Insurance Information Institute's James Lynch criticizing their report, Minority Neighborhoods Pay Higher Car Insurance ...
Regulators Scrutinizing Premium Caps; Similarity to ‘Price Optimization’ Cited
Concerns over price optimization are leading regulators to think carefully about the implications of longstanding practices in insurance rating, including premium "caps" on policy renewals for ...
NAIC Task Force Mulls Consumer Disclosure Requirement on Big Data Collection
The incorporation of big data from Internet-based sources is a defining feature of underwriting and rating in today's property/casualty insurance market. In light of that, the National Association of ...