Boardroom Agenda
Regulators Officially Designate AIG, GE Capital As Systemically Important
American International Group Inc. and General Electric Co.'s finance unit were designated systemically important by U.S. regulators, a ruling the companies had already agreed to accept. The vote by ...
Insurer Insolvencies Fuel Director Liability; Board Roles Becoming More Complex
Member of boards of directors of insurance companies are increasingly concerned about lawsuits they might face in troubled situations—and they should be, according to a former insurance regulator. ...
Countrywide Board, CEO Mozilo Should Face Investors’ Claims, Court Told
Former Countrywide Financial Corp. directors, including ex-Chief Executive Officer Angelo Mozilo, should be forced to face claims that they misled investors about the quality of the mortgage-lender's ...
Looking Ahead: Corporate Governance Filings
At the NAIC's spring meeting in April, the organization's Corporate Governance Working Group moved a step closer to implementing new corporate governance requirements for insurance companies by ...
Appoint An Ex-Regulator To Your Board, Pa. Deputy Commish Says
When the deputy insurance commissioner of the Pennsylvania Department of Insurance describes the benefits of diversity in insurance company boardrooms, he's not necessarily talking about adding more ...
Dodd-Frank Failed to Dispel Too-Big-to-Fail, Say 2 Fed Presidents
Two Federal Reserve district bank presidents said the 2010 Dodd-Frank Act hasn't eliminated creditor expectations for federal bailouts of financial firms, perpetuating the idea that large banks are ...
In Europe’s Low Interest Rate Climate, Insurers Turn to Corporate Debt for Returns
Record-low European interest rates are driving insurers and reinsurers from Axa SA to Munich Re toward corporate and infrastructure debt for better returns. France's three largest life ...
Executive Comp Disclosures: Are Mutual Insurers Next?
Mutual insurance carriers have not been totally immune from pressures to clearly disclose details of their executive programs, but those who haven't started down the disclosure path already may need ...