Government
Cyber Attackers Claim They Struck Two Large Canadian Banks
Bank of Montreal and Canadian Imperial Bank of Commerce said on Monday that cyber attackers may have stolen the data of nearly 90,000 customers in what appeared to be the first significant assault on ...
Insurers Back Global Regulation Provision in Newly-Passed Banking Reform Bill
The financial services regulatory reform measure passed by Congress yesterday, which contains parts of more than 25 different bills, includes a provision on international insurance regulation that is ...
Critics Worry FEMA Isn’t Ready for Hurricane Season
With just a week to go before hurricane season, top jobs at the U.S. Federal Emergency Management Agency remain vacant and critics say that will make it harder for the government to respond to ...
Wall Street Banks Lose Out With Dodd Frank Rewrite
Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs , Morgan Stanley and JPMorgan Chase, will not ...
New EU Data Protection Law May Lead to Diminished Underwriting Quality: A.M. Best
Complying with the European Union's new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gather—something that could diminish underwriting ...
Lloyd’s CEO Beale Urges Regulators: ‘Try and Keep Up’ With Technology Innovations
As insurers try to innovate and address the rapidly changing needs of their clients, Lloyd's of London CEO Inga Beale has a message for regulators who oversee them: "Try and keep up." Beale, speaking ...
Trump Creates Problems for Oil Shippers’ Insurance With Iran Withdrawal
Oil tanker owners are facing a nervous wait to find out whether they can carry on doing business with Iran after President Trump said on Tuesday he was reinstating a raft of sanctions against the ...
Europe’s Regulators Say They Aren’t Ready for Sweeping New Data Privacy Law
Europe's General Data Protection Regulation (GDPR) has been billed as the biggest shake-up of data privacy laws since the birth of the web. There's one problem: many of the regulators who will police ...