Regulation & Compliance
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 ...
AXIS, PartnerRe and Their $11B Merger Are Back in S&P’s Good Graces
AXIS Capital Holdings Ltd., PartnerRe Ltd. and their pending $11 billion merger are back in Standard & Poor's good graces, which has affirmed the ratings of both companies after essentially ...
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 ...
Third Point Re Says It’s a Real Insurer as IRS Eyes Tax Rule
Third Point Reinsurance Ltd., which counts Dan Loeb as a founder, said it's more than just a hedge fund investing vehicle as the Internal Revenue Service weighs tightening regulation for offshore ...
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 ...
A.M. Best: ORSA Won’t Affect Its Ratings Process
A.M. Best said that the new Own Risk and Solvency Assessment (ORSA) requirements taking effect for insurers in the U.S. this year won't affect its ratings process much at all. "Most carrier filing an ...
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 ...