U.S.
G20’s Regulator Extends Systemically Important Bank Rule to Biggest Insurers
The Financial Stability Board said an extended version of its guidance on the resolution of systemically important banks will apply to non-bank financial institutions, such as Allianz SE, AIG and ...
Designation of Obesity as Disease Could Affect Workers’ Comp
The recognition of obesity as a disease may have a significant impact on workers' compensation claims, according to a from the California Workers' Compensation Institute The group issued the report ...Downgraded Meadowbrook Delays Filing to Weigh Goodwill Impairment
Meadowbrook Insurance Group Inc., the insurer whose rating was cut by A.M. Best Co. last week, delayed filing a quarterly report to the U.S. Securities and Exchange Commission as the company reviews ...
Catastrophe Bonds Cutting Reinsurance Prices, Says Swiss Re CFO Quinn
Swiss Re Ltd. Chief Financial Officer George Quinn said increasing sales of catastrophe bonds will put pressure on reinsurance contract prices as they compete for disaster coverage. "While the market ...
Commentary: Does FSOC Understand the Business of Insurance?
The Financial Stability Oversight Council (FSOC) designated AIG as a Systemically Important Financial Institution (SIFI) after determining that "material financial distress at AIG could pose a threat ...
Small Businesses Leading Hiring Rebound
Chris Yura says it took about six months before he could afford to hire the first employee for the clothing company he started in June 2009. SustainU Clothing now has 20 workers, about half ...
Progressive ‘Body Punching’ Way to Greater Acceptance of Snapshot Product
Progressive Corp., the fourth-largest U.S. auto insurer, is searching for the right message to attract customers to a product that tracks a person's driving to set rates, Chief Executive Officer ...