News
G20 Regulators Give ‘Shadow Banks’ Until 2015 to Comply with Global Rules
The $60 trillion "shadow banking" sector has been given until 2015 to fully comply with its first set of global rules, after an international regulatory task force unveiled plans to curb risk without ...
Ackermann Exit at Zurich Insurance Leaves Investors with Questions
Josef Ackermann's abrupt resignation as chairman of Zurich Insurance Group AG days after the suspected suicide of its finance chief sent the insurer's shares tumbling and left investors grasping for ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Farmers Insurance Names Weinstein New General Counsel
Farmers Insurance has named former Chairman of the Barger & Wolen law firm and insurance and litigation partner, Steven Weinstein, as its new General Counsel. Weinstein is replacing Frank Ceglar, ...
Bermuda’s New Insurer Registrations Up 81% For First-Half 2013
The Bermuda Monetary Authority has registered 47 new insurers for the period ending July 2013. This is an 81 percent increase from the 26 insurers registered over the same period in 2012. A total of ...
Tornadoes Prefer Higher Elevations, Cause Greater Damage Traveling Uphill
A recent investigation of the effect of terrain elevation changes on a tornado's path shows tornadoes cause more damage going uphill than downhill. Engineering researchers at the University of ...
G20 Body Says U.S. Could Improve Financial Risk Spotting
The United States could improve how it spots and prevents risks in the financial system from turning into destabilizing crises, a global regulatory task force said on Tuesday. The Financial Stability ...