Regulation & Compliance
A Boardroom Guide to NAIC’s ORSA
The National Association of Insurance Commissioners voted to implement an addition to U.S. insurance regulation known as the Own Risk and Solvency Assessment Model Act back in 2011, but it is this ...
EPA to Require Health Data on Nano Versions of Chemicals in Use
The U.S. Environmental Protection Agency announced last week that the agency is proposing one-time reporting and recordkeeping requirements on nanoscale chemical substances in the marketplace. ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
Federal Reserve May Slow Implementation of National Capital Rules
The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records ...
U.S. Fed Weighs Insurers’ Proposal for New Capital Rules
The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records ...
Securities Class Action Settlements Plummet to 16-Year Low
Bringing a securities class action became less lucrative last year. According to a new Cornerstone Research report, total settlements in such cases hit their lowest point in 16 years. The aggregate ...
Solvency II Staggers to the Finish Line: International Editor Looks Back
It's been a long process, but, according to Paul Fisher, deputy head of the Bank of England's Prudential Regulation Authority (PRA), who supervises insurance and regulatory risk, it is nearing ...
New York Regulators Launch Price Optimization Inquiry
The New York Department of Financial Services (DFS) is seeking information about price optimization from hundreds of property/casualty insurers operating in the state. New York joins a growing number ...
International Capital Standards Will be Slow in Coming: FIO’s McRaith
Insurers could see some version of an international capital standard by 2016, Federal Insurance Office Director Michael McRaith told a recent gathering of industry professionals in Washington, D.C. ...