Regulation & Compliance
U.K. Insurance CEO Agrees to Incentive Pay Cut After ISS Complaint
Aviva Plc's Chief Executive Officer Mark Wilson and the chief financial officer lowered their long-term bonuses after Institutional Shareholder Services Inc. was said to have raised concerns over ...
A.M. Best’s New Capital Model Still a Work in Progress
Changes to A.M. Best's capital model are in the works, but the form they will take is still unclear—even to Best analysts working to test possible metrics for this key component of ...By The Letters: Multiple Insurance Regulators
As the regulators and other entities influencing the regulations of U.S. insurance companies have multiplied around the world, it's become harder to keep track of them. Andy N. Mais and David S. ...
Strategies for Coping With a Tsunami of Regulations
Once upon a time, insurance regulation for U.S. companies was pretty straightforward. But then came 2008. Things changed. The influencers if not the direct regulators of U.S. insurance companies have ...
USAA Follows State Farm With Commercial Drone Test Plans
USAA plans to start testing drones as a tool to help speed review of insurance claims after natural disasters. The insurer announced on April 6 that it obtained Federal Aviation Administration ...
The IMF Wants U.S. Insurance Reform to Go Further and Quicker
The International Monetary Fund said changes in U.S. insurance regulation with an eye on national and international guidelines have made real progress, but the effort remains unfinished with a long ...
Oil, Gas Drillers Run Up 2.5 Violations Daily: Study
Oil and gas drillers ran afoul of regulators on average 2.5 times a day in three energy-intensive states for mistakes such as wastewater spills, well leaks or pipeline ruptures during the boom in ...
AXA Says Stricter Insurer Capital Rules May Threaten European Recovery
AXA SA, France's biggest insurer, said plans to impose tighter capital rules on too-big-to-fail insurers will pose a new hurdle to European growth and do little to bolster financial stability. ...