Insurance Regulation
Ridesharing Lyft Blocked by NYC Restraining Order; Insurance Law Defiance Cited
New York officials say they've obtained a temporary restraining order against Lyft, the on-demand ride-sharing app, from operating in New York City. The attorney general's office and the Department ...
Moody’s Sees Brazil’s New Insurer Audit Regs as Credit Positive
Rules that strengthen insurers' corporate governance are credit positive for Brazilian insurers there, analysts for Moody's Investors Service said in a commentary last week. The Moody's report by ...AIG Answers ‘What-If’ Crisis Question With Divesture Strategy
American International Group Inc., the insurer that repaid a U.S. rescue in 2012, said it could divest insurance units and stop offering new policies if forced to wind itself down without a bailout ...Risk Management Office Privatization Saves Louisiana $16M
Louisiana has saved nearly $16 million in the first three years of a privatization contract for the Office of Risk Management, the state's self-insurance agency, according to an audit released ...
Merger Questions and Answers: Ironshore Ends Deal; Tower Deal Survives
Property/casualty insurance industry merger news continued late last week with Ironshore announcing that its deal to acquire an Australia specialist fell apart, while Tower got an assurance that its ...
U.S. Insurance Regulators May Refuse to Apply Global Capital Rules: NAIC President-Elect Lindeen
The United States may refuse to apply new global capital rules in the world's biggest insurance market because of the "breakneck speed" they are being pushed through, American regulators said on ...
U.S. Treasury Secretary to Defend FSOC Work at Congressional Hearing
U.S. Treasury Secretary Jacob J. Lew pushed back against Republican efforts to curtail the work of a council of regulators charged with preventing another financial crisis and said a failure to ...
FSOC Faces Balancing Act on Transparency: Treasury Official
A U.S. Treasury official pushed back against criticism by some Republican lawmakers that the process for deciding whether financial companies pose a potential risk to stability lacks transparency. ...