Regulation & Compliance
State Auto Risks Moody’s Ratings Downgrade
State Auto Financial Corp. might end up getting a ratings downgrade from Moody's Investors Service in the wake of news that it strengthened reserves by $72 million pre-tax in the 2014 fourth quarter. ...
More Transparency Expected as U.S. Regulators I.D. Risky Financial Firms
The top U.S. financial risk watchdog on Wednesday pledged more transparency in procedures it uses to designate firms as super-risky, a promise that followed a flood of criticism from insurers and ...
It’s Time for U.S. Insurers to Push Ahead on Climate Change: Deloitte
While U.S. property/casualty insurers have been dealing with the effects of weather and climate changes for years, 2015 may be the year they start zeroing in on the idea of attacking global warming ...
S&P to Pay $80M Fine, Accept Suspension in Mortgage Bond Rating Case
Standard & Poor's agreed to be suspended from rating the biggest part of the commercial-mortgage bond market and pay almost $80 million to state and federal authorities over claims it bent ...
MetLife Suing Over FSOC Designation
MetLife Inc. on Tuesday sued U.S. regulators over a decision to subject the insurer to tougher oversight because it harbors enough risk to endanger the financial system if the next crisis hits. The ...
How States Rate on Insurance Regulation, ‘A’ to ‘F’
Vermont gets a grade of "A+" and California and North Carolina get grades of "F" in the annual report card on state insurance regulation issued by the free market think tank, The R Street Institute. ...
Potential Reserve Hiccups Keep A.M. Best Commercial Outlook Negative
Even though A.M. Best expects commercial lines operating results to be profitable in 2015, and capital levels to be strong for most insurers, its outlook for the segment remains negative. One key ...
Year-End M&A Spurt Heralding Busy 2015 for Deals: Fitch
Six merger and acquisition announcements in the North American property/casualty insurance and reinsurance sectors in late 2014—and another global deal on the table—may herald a raft of deals in ...