Government
WSJ: NAIC Head Blasts Dodd-Frank Law’s Insurance Industry Reach
The head of the National Association of Insurance Commissioners is lamenting that greater federal oversight now in place over insurers such as AIG is fixing something "that isn't broken," forcing ...
Life Without TRIA: Zurich, ACE Execs Debate Terror Coverage Strategies
Two weeks before the Senate introduced legislation to extend the federal terror insurance backstop, carrier executives revealed opposing plans for offering coverage to customers exposed to terror ...
Senate TRIA Renewal Bill Elicits Cautious Optimism from Industry Trades
Insurance industry lobbying groups are hopeful that the bipartisan legislation introduced in the Senate on April 10 to reauthorize the Terrorism Risk Insurance Act, or TRIA, will have a better chance ...
NHL Sued by Ex-Players Over Culture of ‘Extreme Violence’
The National Hockey League was sued by nine former players who claim a culture of "extreme violence" resulted in head injuries and subsequent long-term consequences related to trauma. The NHL has ...
U.S. EPA Plans to Focus Only on Biggest Polluters
The U.S. Environmental Protection Agency's plan to focus on cracking down on just the largest polluters will deliver "lasting returns" to the American public, its top enforcement official said on ...
Bipartisan Deal in Senate for TRIPRA Extension; Co-Pays Up
A bipartisan group of U.S. senators has agreed on legislation to extend the government's financial backstop of terrorism insurance for seven years. The legislation would raise private insurers' ...
Dept. of Homeland Security Issues Warning on ‘Heartbleed’ Web Encryption Technology Bug
A newly discovered bug in widely used Web encryption technology has made data on many of the world's major websites vulnerable to theft by hackers in what experts say is one of the most serious ...
China Could Attract More Global Firms with Relaxed Insurance M&A Rules
China's decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market. Beijing would allow ...