Risk
Insurers Win House Passage of Dodd-Frank Capital Standards Revision
The U.S. House of Representatives approved a bill that would ease capital and liquidity standards for insurers under the Dodd-Frank Act. A major insurance lobbying group, meanwhile, heralded the vote ...
Financial Institution Cyber Defenses Attract U.S. Regulatory Scrutiny
U.S. regulators on Wednesday said they were stepping up efforts to examine financial institutions' defenses to ward off cyber attacks, as a top FBI official warned of new "increasingly complex" ...
TRIA Reauthorization Passes House With Higher Government Involvement Threshold
The U.S. House voted Dec. 10 to extend by six years a federal backstop for insurers offering coverage against terrorism, advancing efforts to retain a program created in response to the attacks of ...
Travelers Dives into Colombia Through Brazilian Joint Venture
The Travelers Cos. said it will be expanding into Colombia through a joint venture it has maintained in Brazil. By way of its partnership with J. Malucelli Participações em Seguros e Resseguros ...
Cyber Security a Challenge for Insurers: A.M. Best
Thirteen percent of respondents to A.M. Best's Fall 2014 Insurance Industry Survey admitted that their companies had been the targets of data breaches or cyber attacks. Larger companies appear much ...
DHL: Shipping Companies Will be First In Line For Driverless Vehicles
While Google Inc. plans to someday unleash driverless cars on public streets, the logistics industry will probably be one of the first training grounds for such automated vehicles. Shipping companies ...
Sony Studio Cyber Attack Costs Could Hit $100 Million Mark
Sony Corp's movie studio could face tens of millions of dollars in costs from the massive computer hack that hobbled its operations and exposed sensitive data, according to cyber security experts who ...
House Leaders Unveil Their Version of a TRIA Extension, With Attachments
House leaders released a proposed six-year extension of a federal program to insure property against the risk of terrorism, including a Republican proposal to revise a bank regulatory law. The ...