Government
MetLife Suing Over FSOC Designation
MetLife Inc. on Tuesday sued U.S. regulators over a decision to subject the insurer to tougher oversight because it harbors enough risk to endanger the financial system if the next crisis hits. The ...
It’s Official: President Signs TRIA Reauthorization Into Law
President Barack Obama has signed into law H.R. 26, The Terrorism Risk Insurance Program Reauthorization Act of 2015, Property Casualty Insurers Association of America reported yesterday, calling the ...
Sony CEO: Insurance Will Completely Cover Cyber Attack Costs
Over the past seven weeks, Sony Pictures' chief executive has dealt with the fallout from a cyber attack he likens to having your house robbed and burned to the ground. But the devastating hack, he ...
FHA Actions May Force Private Mortgage Insurers to Cut Premiums
Private mortgage insurers in the United States may have to cut premiums to better compete with the Federal Housing Administration, which plans to reduce premiums in the government's latest attempt to ...
S&P: Changes to New TRIA Law Could Harm Small Insurers
Standard & Poor's offered a note of caution this week about the reauthorization of the federal terrorism reinsurance program, warning that changes made by Congress to boost co-insurance and ...
Environmental Groups Sue EPA for Fracking Data
A coalition of advocacy groups sued the U.S. Environmental Protection Agency seeking access to information on toxic chemicals released by the energy industry through hydraulic fracturing, or ...
The U.S. Senate Approves House TRIA Bill; Obama’s Signature Widely Expected
The U.S. Senate voted overwhelmingly to reauthorize the federal terrorism reinsurance program that had been allowed to lapse on Dec. 31, a day after the House took similar action. President Barack ...
USAA to Test Ridesharing Insurance Coverage in Colorado
USAA will test auto insurance coverage in Colorado designed to fill a gap left in the surging ridesharing industry. Ridesharing competes with traditional taxis by offering one-time shared rides over ...