Government
China Insurers Market “Naughty Child” Coverage and Other Innovations
Your child throws a tantrum and smashes something? Take out "naughty child insurance". Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of ...
European Insurers Balk About New Risk Rules
Insurers in Europe, which manage about 8.5 trillion euros ($11.2 trillion) of client money, say their role as long-term investors may be hurt by new regulation. Planned new risk-based rules for ...
The Netherlands’ SNS Reaal: Global Interest in Insurance Operations Sale
SNS Reaal, the Dutch financial services group nationalized last year, said international and domestic parties had expressed interest in its insurance operations which will go up for sale in ...
Marijuana-Linked Accounts Elicit Caution From Big U.S. Banks
Major banks are getting increasingly wary of some transactions with smaller banks that have begun to allow marijuana businesses to open accounts. Officials at the bigger institutions say they fear ...
Governments Provide Reinsurers a Major Market Opportunity: S&P
Reinsurers have a potential major market at their fingertips: Working with governments to boost their disaster resilience. Standard & Poor's Ratings Services draws that conclusion in a new ...
Is FIO About to Step Into Data Collection?
The Federal Insurance Office (FIO) has taken a step toward fulfilling one of its obligations under the Dodd-Frank Act—a step that may ultimately have significant implications for auto insurers. ...
Napa Quake Making Municipal-Bond Investors Nervous
Municipal-bond investors are trading a record amount of debt from Napa County, California, in a sign that some may be concerned about damage from the strongest earthquake to hit the wine-growing area ...
Ex-AIG CEO’s $25B Bailout Lawsuit to Move Forward
A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group, over the ...