Insurance Regulation
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 ...
Great American Insurance Entering Singapore Market
Great American Insurance Group is joining the procession of specialty insurers staffing up a new branch operation in Singapore, the group announced Friday. The group said that its lead insurer, Great ...
New York Hedge Fund Launches Bermuda Reinsurer
Sandell Asset Management Corp., the activist hedge-fund firm run by Tom Sandell, started a Bermuda-based reinsurer to support its investing strategy. Sandell Re will rely on the hedge fund to oversee ...
Monetary Incentives Don’t Prompt Whistleblowing; Protections Do
New research from North Carolina State University and Bucknell University finds that strong, reliable anti-retaliation policies can encourage employees to notify internal authorities of possible ...
Attacking Cyber Risk: NY Regulator Mandates Warranties from Insurer Vendors
Cybersecurity is likely the most important issue that the New York Department of Financial Services (DFS) will face in 2015, and perhaps for many years to come after that, New York Financial Services ...