Insurance Regulation
First Commercial Carrier Approved in California to Sell Cannabis Insurance
Since last year, Californians are allowed to grow and possess marijuana. Now, the most populous U.S. state has taken another step to bolster the cannabis business by deciding to give insurance cover ...
Global Regs for Systemically Important AI Firms May Be Needed: FSB
Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on ...
Insurers Increasingly Anxious About Managing Risks: Wolters Kluwer Survey
Insurers appear to be increasingly anxious about their ability to manage risk across their lines of business, and much more concerned about regulation, according to Wolters Kluwer's new Regulatory ...
International Capital Standards Remain a Work in Progress: Ex-Fed Reserve Governor
The International Association of Insurance Supervisors (IAIS) is no closer to enacting international capital standards for insurers than it was when it took up the task five years ago, attendees at ...
Without Access to Crop Insurance, Calif. Fires Could Prove Fatal for Damaged Marijuana Farms
For many businesses in northern California, it will take years to rebuild from the wildfires that have decimated the region. And for many legal cannabis growers, the destruction could be ...
AIG Shoots for Expansion Now That ‘Too Big To Fail’ Status Is Going Away
Now that American International Group Inc. is no longer too big to fail, it has a goal: Get bigger. The U.S. freed the New York-based insurer from enhanced regulation, removing the scarlet letter it ...
AIG Reportedly to be Freed From U.S. Systemic-Risk Designation
U.S. regulators are planning to release American International Group Inc. from the special government oversight ordered for the insurer after its central role in the 2008 financial crisis, according ...
FSOC Leaves SIFI Labels Unchanged
A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on a handful of large financial institutions it deems "systemically important." The ...