Government
Industries Look to UN Report for Guidance on Climate Risks
Companies increasingly factor extreme weather into their strategic planning and a report from the United Nations due on Friday is expected to underscore the heightened risks they face. Extreme ...
Legislators Look into Questionable Insurance Deal
The head of Florida's largest property insurer defended on Tuesday a controversial deal to pay millions to a startup insurance company that made campaign donations to Gov. Rick Scott. But Barry ...
Regulators Eye Global Guidelines for Financial Crimes and Punishment
Crooked bankers and insider traders would have no safe havens under planned global guidelines for market-abuse penalties, amid concerns some countries don't have strict enough rules. Culprits should ...
Insurers Shift Bets With Uncertainty Over Fed Tapering: BlackRock
BlackRock Inc., the world's largest asset manager, said uncertainty about when the Federal Reserve will begin to slow its monthly bond purchases undermined insurers' confidence about investing in ...
Goldman, Regulator See Demand for Canada’s Insurers to Sell Cat Bonds
Canada's banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters such as the record floods that inundated swathes of downtown Calgary in ...
FEMA Chief Tells Senators He Can’t Delay Flood Insurance Rates
Pressure continues to build in Congress to delay implementation of flood insurance reforms that are raising premiums for thousands of property owners across the country. But the man in charge of ...
Two Voted Against Designating Prudential As Systemic Risk
Prudential Financial Inc., the second-largest U.S. life insurer, was designated systemically important in a 7-to-2 vote by a council of regulators charged with preventing another crisis. Edward ...
NFIP Policy Cancellation Statistics: No Loss, No Insurance
A Wharton School professor advocates a multiyear flood insurance policy as part of a program aimed at getting owners of flood-prone properties to invest in loss prevention and to hold onto their ...