Government
Third Point Re Says It’s a Real Insurer as IRS Eyes Tax Rule
Third Point Reinsurance Ltd., which counts Dan Loeb as a founder, said it's more than just a hedge fund investing vehicle as the Internal Revenue Service weighs tightening regulation for offshore ...
A.M. Best: ORSA Won’t Affect Its Ratings Process
A.M. Best said that the new Own Risk and Solvency Assessment (ORSA) requirements taking effect for insurers in the U.S. this year won't affect its ratings process much at all. "Most carrier filing an ...
Insurers Face More FEMA Oversight After Sandy Claims Allegations
Federal disaster relief officials are keeping a closer eye on companies that help it provide flood insurance, following allegations by Hurricane Sandy victims that claims were denied or underpaid ...
Ridesharing Insurance Legislation Advances in Georgia
A major property/casualty insurance trade group is lauding Georgia legislators' action on a bill mandating insurance coverage for ridesharing companies that covers an existing gap, mirroring similar ...
P/C Industry Fills Drone Coverage Void Left By Regulators
Thousands of drones flown without government approval by real estate companies, movie studios and other businesses are getting coverage by insurers writing their own safety rules to fill a void left ...
Scor CEO Warns Insurers Face ‘Huge Cost’ From Quantitative Easing
The European Central Bank's bond-buying plan may not help the region's economic recovery while it makes the investment decisions harder for insurers and reinsurers, Scor SE Chief Executive Officer ...
Expect U.S. Crop Insurance Floor Prices to Drop in 2015
Crop insurance price guarantees for U.S. corn, soybeans and spring wheat in 2015 will fall 10 percent or more based on futures settlement prices for February, grain analysts said on Friday. The U.S. ...
Regulatory Vetting Prompts One-in-10 to Decline Financial Leader Jobs in U.K.
More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has got tougher since the financial crisis. People put forward for chief ...