Government
Former AIG Chairman Greenberg Ordered to Face Trial in N.Y. Suit
New York's highest court again rejected a bid by former American International Group Inc. Chairman Maurice "Hank" Greenberg to dismiss the state's decade-old fraud suit against him, clearing a path ...
U.S., Other Business Groups Say China’s Cyber Rules for Insurers Go Too Far
Controversial cyber security regulations for China's insurance industry, now before the World Trade Organization (WTO), could soon take effect despite efforts by foreign business groups to persuade ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
U.S., EU Talks on Covered Agreement Continuing
Trade representatives for the United States and the European Union, who met May 24 and 25 to negotiate a bilateral covered agreement on regulations for insurers and reinsurers, on Friday issued a ...
U.S. Federal Reserve Meeting on Insurer Capital Rules Set for June 3
The U.S. Federal Reserve will hold an open meeting this coming Friday on proposals, in the works for more than five years, for capital requirements and other rules for insurance companies. The ...
Environmental Watchdog Says Canada Must Do More to Mitigate Climate Disasters
The Canadian government needs to do more to mitigate climate disasters such as floods and wildfires, a top green watchdog said on Tuesday as the Alberta town of Fort McMurray struggled to recover ...
State Farm Gets Supreme Court Hearing for Katrina Billing Case
The U.S. Supreme Court agreed to hear State Farm Fire and Casualty Co.'s bid to overturn a finding that the insurance company fraudulently overbilled the government for damage from Hurricane Katrina. ...
Earthquake Insurance Rate Spikes Worry Oklahoma Regulators
Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on Tuesday they were concerned with spiking rates for earthquake ...
London Market Risks Casualty Reserve Shortfall: PwC
There is a real risk that casualty reserves for business written in 2015 will run off at a loss in the future, according to PwC's London insurance/reinsurance market review of reserve adequacy. PwC ...