Underwriting
FIO Chief McRaith Dismisses State v. Fed Debate as ‘Relic’
The state versus federal oversight discussion is a "binary debate" that is a relic of a bygone era, the director of the Federal Insurance Office told lawmakers at a Congressional hearing Tuesday. FIO ...
AXIS Sets Up Healthcare Liability Insurance Unit
AXIS Capital Holdings Limited announced Monday that Kimber Lantry will lead a newly formed Healthcare unit at AXIS Insurance. The unit will focus on providing professional liability insurance and ...
Cameron Elliot: U.S. SEC Judge Who Took on ‘Big Four’ Accounting Firms Making Waves
Cameron Elliot, the U.S. administrative judge who recently delivered a stunning rebuke to the global "Big Four" accounting firms, has a reputation for not shying away from big cases. When he was a ...
No Disclosure of Lawmakers’ Own Crop Insurance Payments in Farm Bill
Crop insurers successfully lobbied to keep several proposals out of the farm bill set to pass the U.S. Congress today -- such as a requirement that would have forced farmer-lawmakers to disclose ...
U.S. Could Require ‘Talking’ Cars By 2017
U.S. regulators are crafting a rule that would require all new vehicles to be able to "talk" to one another using wireless technology, which the Department of Transportation said would significantly ...
3 Ways FIO’s Report Could Impact Core Insurance Functions and Management
In its report, How to Modernize and Improve the System of Insurance Regulation in the United States (Modernization Report), the Federal Insurance Office (FIO) concluded that a combination of reforms ...
Turmoil in Emerging Markets Prompting Strategy Changes from Global Cos.
International companies are taking steps to mitigate the effects of the turmoil in emerging markets, including hedging foreign currency exposure more aggressively, reducing some investment plans, ...
‘ChewBacca’ Attacks Hit Retailers in 11 Countries, Report Says
A cyber criminal ring targeting small retailers in 11 countries stole data on 49,000 payment cards using a malicious software known as "ChewBacca" before the operation was shut down, according to a ...