Insurance Regulation
U.S. Fed Weighs Insurers’ Proposal for New Capital Rules
The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records ...
Solvency II Staggers to the Finish Line: International Editor Looks Back
It's been a long process, but, according to Paul Fisher, deputy head of the Bank of England's Prudential Regulation Authority (PRA), who supervises insurance and regulatory risk, it is nearing ...
New York Regulators Launch Price Optimization Inquiry
The New York Department of Financial Services (DFS) is seeking information about price optimization from hundreds of property/casualty insurers operating in the state. New York joins a growing number ...
International Capital Standards Will be Slow in Coming: FIO’s McRaith
Insurers could see some version of an international capital standard by 2016, Federal Insurance Office Director Michael McRaith told a recent gathering of industry professionals in Washington, D.C. ...
FIO’s McRaith: Feds Have the Backs of Insurers For Cyber Attack Threats
The federal government has the backs of insurers and their clients as they seek to protect themselves from, and adapt to, the fast-evolving threat of cyber attacks, Federal Insurance Office Director ...
RIMS to Treasury: Speed Up Terror Certs
RIMS, the risk management society, submitted a comment letter to the U.S. Treasury Department calling for 90-day deadline to be set on certifying acts of terror. "A long-term extension of the ...
Public Radio Report Puts Spotlight on Workers Compensation’s ‘Grand Bargain’
Earlier this month, a ProPublica/National Public Radio report putting a spotlight on the workers compensation system caught the attention of experts who were meeting in Boston to share research on ...
More States Eye Use of Drug Formularies in Workers Comp
While workers compensation pharmacy benefit managers have been utilizing drug formularies to control prescription drug costs and monitor medical treatments for a long time, states are now catching ...