Social Responsibility
How Most of the Insurance Industry Escaped the Worst of the Financial Crisis
At a time when efforts are underway to require additional supervision of some large insurers, a new government report concludes that the insurance industry's own practices and the policies of state ...
Questions Arise Over SAC Reinsurance Unit As Hedge Fund Pleads Not Guilty
Billionaire investor Steven A. Cohen's hedge fund pleaded not guilty on Friday to insider trading charges in federal court, as questions also surfaced about the future of SAC Capital's Bermuda-based ...
Conn. Says Insurers Must Complete Climate Risk Survey
Connecticut Insurance Commissioner Thomas Leonardi has decided that about 110 Connecticut-based insurance companies will be required to complete a survey describing what they are doing to address ...
MetLife Nears Systemic Financial Institution Risk Tag
MetLife Inc., the largest U.S. life insurer, was moved to the last stage of a regulatory review that may impose extra Federal Reserve oversight. The Financial Stability Oversight Council, a group of ...
Senate Told Fed Is Confined to Bank-Based Approach for Insurers
The Federal Reserve is working to modify a bank-based capital model to cover insurance companies as much as they can under Dodd-Frank Act restraints, Fed Governor Daniel Tarullo told lawmakers at a ...
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 ...New York Probes 20 Foreign Reinsurers’ Compliance with Iran Sanctions
New York's financial regulator has asked 20 non-U.S. reinsurers whether they conducted business with entities linked to Iran, as part of a review of these companies' ability to comply with a new U.S. ...
New RAND Center to Study Catastrophe Mitigation, Victim Compensation
The RAND Corp. is launching a new research center that will analyze different approaches to compensating individuals, businesses and others following catastrophes ranging from natural disasters to ...