Government
Lobbying Onslaught Counters TRIA Renewal Stumble
It is in the Senate's hands to extend the Terrorism Risk Insurance Act, or TRIA, a law that establishes federal reinsurance in case of a terrorist attack, but legislative disputes threaten to prevent ...
China Reportedly Launching $6.5B Trust Insurance Fund
A planned insurance fund for China's trust industry will have an initial size of around 40 billion yuan ($6.47 billion), the state-owned China Securities Journal reported on Saturday, citing ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
Virginia Becomes First State to Join Guardrail Maker Whistleblower Lawsuit
Virginia joined a whistleblower lawsuit against Trinity Industries Inc. over an allegedly defective guardrail system, becoming the first state to say it will seek to claw back money spent on the ...
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 ...
Government Policymakers Will Muck Things Up for Insurers in 2015: S&P
As if a sputtering expansion in developing markets wasn't bad enough, government policymakers in the developed world will make things difficult in 2015 for insurers around the world, Standard & ...
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 ...