Insurance Regulation
Unlike Buffett, S&P Sees ‘Considerable’ Climate Change Impact for Insurers
While the overall impact of climate change on the insurance industry is difficult to quantify, the multilayered effects of regulation, reputation and litigation will be "considerable" over the long ...
Anbang Insurance Reportedly Drawing Scrutiny from Chinese Regulators
China's insurance regulator is planning to send inspectors to Anbang Insurance Group Co., a person with knowledge of the matter said, after the watchdog stepped up scrutiny of insurers' investments ...
AIG CEO Hancock: Revamp Plan Will Work Without More Drastic Action
More than two months after activist billionaire investors Carl Icahn and John Paulson gained seats on American International Group's expanded board, observers have wondered: Will their presence ...
InsurTech Startups Must Realize They Can’t Disrupt Regulation
The year 2015 marked a substantial shift in insurance: in one year alone, investment in insurance tech reached $2.65 billion. This number encapsulates the immense growth happening in the start-up ...
Scott Fischer Named as New York’s Top Insurance Watchdog
New York's financial regulator promoted Scott Fischer to be the state's top insurance watchdog, a position that involves overseeing about 1,700 companies with more than $4 trillion of assets. ...
Catastrophe Exposure Grows with Selective Use of Alternative Capital: A.M. Best
Insurers in the London, Europe and Bermuda markets writing catastrophe-exposed business take a different approach to retention of risk at the 1-in-100-year return level in comparison to the ...
Are Carriers Facing a Paper Bias for Notices of Cancellation and Nonrenewal?
The insurance industry has been notoriously slow to fully embrace electronic forms of commerce and there may be good reasons for the hesitation. Until recently, antiquated, prescriptive requirements ...
MetLife Beats Back U.S. Government’s Too-Big-to-Fail Label
MetLife Inc. beat back a U.S. attempt to label it too big to fail, which would've put America's biggest life insurer under tougher government scrutiny and forced it to put more money in reserves. A ...