Risk
U.S. Regulators Reportedly Would Drop Bank Accounting Test in ‘Volcker Rule’ Rewrite
U.S. regulators have circulated a new draft of the "Volcker Rule" that would further ease its requirements and scrap a proposed new test that had been met with fierce resistance from Wall Street, ...
China’s Troubled Anbang Insurance Group Puts Japan Properties Up for Sale
China's troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company's plans ...
Many Reinsurers Take on Increased Catastrophe Risks as Rates Harden
Some global reinsurers have chosen to stop retrenching from catastrophe risks, deciding instead to take advantage of higher premium rates and increase their exposure, according to S&P Global ...
California’s New Data Privacy Law Could Be a Game-Changer
As the nation's most far-reaching data privacy law, California Consumer Privacy Act (CCPA), is set to begin Jan. 1, 2020, businesses and their insurers are preparing for a new era in cyber liability. ...
For Insurers, New Calif. Data Protection Regulation Offers ‘Tremendous’ Opportunity
More than a year after The General Data Protection Regulation (GDPR), a regulation in EU law on data protection and privacy for all citizens of the European Union, was implemented in May 2018, some ...
Trump Administration Carbon Rule Replacement Draws Lawsuit From 22 States and 7 Cities
Twenty-two states, including New York and California, and seven cities on Tuesday sued to challenge the Environmental Protection Agency's replacement of the Obama administration's Clean Power Plan, ...
WhatsApp Flaws Could Allow Hackers to Manipulate Messages: Cybersecurity Firm
A cybersecurity firm says it has identified flaws in the popular messaging app WhatsApp that could allow hackers to manipulate messages in both public and private conversations, raising the prospect ...
Apple Offers Up to $1M to Researchers Who Uncover iPhone Cybersecurity Flaws
Apple Inc is offering cyber security researchers up to $1 million to detect flaws in iPhones, the largest reward offered by a company to defend against hackers, at a time of rising concern about ...