Regulation & Compliance
How New Rating Agency Formulas Could Impact Reinsurance and the ILS Market
U.S. hurricane is the peril most likely to cause the largest insured catastrophe losses and therefore financial impairment for insurance companies that are not adequately prepared. To date, rating ...
Trump Orders Agencies to Kill Two Govt. Regs for Each New One Issued
President Donald Trump ordered government agencies on Monday to propose revoking two regulations for each new one they issue, fulfilling a promise he made shortly after his election. The military and ...
Trump’s Push to Streamline Government Places the FIO’s Future in Question
Under U.S. President Donald Trump, the Federal Insurance Office's future is far from certain. Created by the Dodd-Frank financial reform bill in 2010 and launched in 2011, the Federal Insurance ...
Expect Broader and Cheaper D&O Policies in 2017: Marsh
Directors and officers liability policies are likely become broader and continue getting cheaper in 2017 – among the likely trends expected for the financial and professional liability insurance ...
A.M. Best, Fitch Place AIG Under Review Over Anticipated Reserve Charge
American International Group won't be reporting its Q4 2016 financials until Feb. 14, but a disclosure about a "material adverse reserve adjustment" from the insurer for its U.S. commercial business ...
NAIC President Vows to Help Insurers Innovate
Three days before the inauguration of President Donald Trump last week, a panel of experts on insurance regulation predicted that state and federal regulators of the financial services sector would ...
Insurers Can be Too Risky But Not Too Big: NAIC President
Although the Financial Stability Oversight Council created by Dodd–Frank Wall Street Reform and Consumer Protection Act could serve an incredibly useful purpose, FSOC's activities so far have been ...
Many Insurance Execs View Regulation as a Barrier Toward Adopting Digital Tech
Many insurance industry executives see complex regulatory requirements as the biggest barrier toward adopting digital technology, according to a recent Willis Towers Watson survey finding that 42 ...