Insurance Regulation
NAIC Task Force Mulls Consumer Disclosure Requirement on Big Data Collection
The incorporation of big data from Internet-based sources is a defining feature of underwriting and rating in today's property/casualty insurance market. In light of that, the National Association of ...
U.S. Financial Regulators Review Unnamed Firm’s ‘Too Big to Fail’ Designation
The Financial Stability Oversight Council, made up of all major U.S. financial regulators, met late on Thursday afternoon and reviewed its designation of a nonbank firm as "too big to fail," ...
Washington Outlook: PCI’s Agenda for 2017
A new administration and a new Congress present both challenges and opportunities for home, auto and business insurers as they work to promote a private and competitive marketplace—that best serves ...
Too-Big-to-Fail Rule Under Attack From House Republicans
Congressional Republicans are taking aim at the regulatory process through which some financial institutions become subject to heightened regulation because they are deemed too big to fail. In a ...
Solvency II Is Boosting Reinsurance Demand, 1/1 Renewals Show
The January renewals period show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings ...
Federal Reserve Chair Yellen Defends Global Regulatory Talks in Age of Trump
Federal Reserve Chair Janet Yellen, in response to a warning from a U.S. congressman to halt global regulatory talks in the early stages of Donald Trump's presidency, said in a letter the Fed has the ...
Pending New York Cybersecurity Regs Risk Raising Loss Potential: Fitch Ratings
New cybersecurity regulations in New York could raise loss potential for insurers, even as they fuel premium growth for both the cybersecurity and directors and officers sectors, Fitch Ratings said ...
Guts, People, Regulatory Education Needed to Innovate Insurance
At an industry conference last month, two insurance executives welcomed news of potential flexibility coming from state regulators as they pursue individual paths to digital and data-driven futures, ...