Industry News
Judge Rules Stockton, Calif. Bankruptcy May Proceed Over Bond Insurers’ Objections
A U.S. federal judge on Monday approved the city of Stockton's petition for bankruptcy in a case that sets the stage for a lengthy battle between bondholders and the California pension system. In a ...
Services Growth Could Signal Britain Will Escape New Recession
Britain's dominant services industry grew at its strongest pace in five months in January, a small boost to chances the country might narrowly skirt a new recession. Output in the sector, which ...China to Strengthen Regulation of Financial Products
China will strengthen supervision of new financial products, particularly ones with complex structures and high leverage, to combat potential risks to the banking sector, the industry's regulator ...
Direct Writers’ Call Centers Lag Agents in Claims Service Quality: J.D. Powers
More property owners are filing claims with call centers run by direct writing insurers or online but these customers are less satisfied than those who file their claims using agents, new research ...
UK’s New Regulators Take Over; FCA Now Responsible For Insurance Sector
In a move that is certainly not an April Fool's Day joke, the Financial Services Authority (FSA), which has been responsible for regulating the UK's financial services industry since 1997, including ...Michigan Has New Rules for Insurers’ Use of Credit History
A series of new laws that took effect last week in Michigan regulate how insurance companies can use a person's credit information. Under one of the measures, insurers can't use people's credit ...
U.S. Insurance Regulators Renew Training Pact with Chinese Regulators
U.S. insurance regulators will continue a program of information sharing and cooperation that helps their counterparts in China learn about insurance regulatory practices in the U.S. The National ...
Actuaries Weigh Healthcare Reform’s Effect on P/C Insurance
The key changes in federal health care reform remain months away but property/casualty actuaries are already trying to determine what impact they will have on their own lines of business, ...