Insurance Regulation
Fitch Sees Limited Credit Improvement For G-SIIs; Predicts Some Will Work To Get Off List
Reacting to the Financial Stability Board's identification of nine global systemically important insurers, Fitch Ratings sees only a "modest improvement" in the insurers' credit profiles, with higher ...
9 Global Insurers to Face Higher Capital Standards, Tougher Supervision
Top insurers will have to hold more capital from 2019 to cover risks they pose to the financial system should they go bust, global regulators said on Thursday. Regulators also released an initial ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Conn. Says Insurers Must Complete Climate Risk Survey
Connecticut Insurance Commissioner Thomas Leonardi has decided that about 110 Connecticut-based insurance companies will be required to complete a survey describing what they are doing to address ...
MetLife Nears Systemic Financial Institution Risk Tag
MetLife Inc., the largest U.S. life insurer, was moved to the last stage of a regulatory review that may impose extra Federal Reserve oversight. The Financial Stability Oversight Council, a group of ...
SEC Officials Frustrated with Slow Pace of Dodd-Frank Rules
Top U.S. Securities and Exchange Commission officials are frustrated over lack of progress in finalizing rules for credit rating agencies and asset-backed securities (ABS), seen by regulators as ...
SEC Fraud Case Against Goldman Sach’s ‘Abacus’ Trader Goes to Trial
The U.S. Securities and Exchange Commission heads to trial Monday against a former Goldman Sachs bond trader in a case it says highlights what went wrong on Wall Street in the financial crisis. Jury ...
Senate Told Fed Is Confined to Bank-Based Approach for Insurers
The Federal Reserve is working to modify a bank-based capital model to cover insurance companies as much as they can under Dodd-Frank Act restraints, Fed Governor Daniel Tarullo told lawmakers at a ...
Form F, ORSA Rules Open New Windows For Insurance Regulators
Executives of property/casualty insurers are getting comfortable with the idea that they have to file Enterprise Risk Reports and Own Risk and Solvency Assessments (ORSA) with U.S. insurance ...