Regulation & Compliance
Monetary Incentives Don’t Prompt Whistleblowing; Protections Do
New research from North Carolina State University and Bucknell University finds that strong, reliable anti-retaliation policies can encourage employees to notify internal authorities of possible ...
Attacking Cyber Risk: NY Regulator Mandates Warranties from Insurer Vendors
Cybersecurity is likely the most important issue that the New York Department of Financial Services (DFS) will face in 2015, and perhaps for many years to come after that, New York Financial Services ...
You are shopping for a new refrigerator. How do you choose? One is the right size from a durable brand...
A.M. Best Affirms AIG P/C Subs Despite Reserve Deficiency
Although A.M. Best says property/casualty insurance loss reserves at American International Group remain deficient, the rating agency affirmed the "A" financial strength rating of AIG's U.S. and ...
Regulatory Vetting Prompts One-in-10 to Decline Financial Leader Jobs in U.K.
More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has got tougher since the financial crisis. People put forward for chief ...
Fairfax Financial to Benefit From its Acquisition of Brit plc: Moody’s
The proposed acquisition of Brit plc by Fairfax Financial Holdings is "credit positive" for Fairfax, according to Moody's, which noted that the deal will significantly boost Fairfax's underwriting ...
S&P Optimistic About Platinum as RenRe’s $1.9B Acquisition Nears
Platinum Underwritings Holdings is the beneficiary of a continued positive ratings outlook from Standard & Poor's with a possible future two-notch upgrade after it combines with RenaissanceRe. ...
New Report Fuels Battle Over U.S. Tax Changes for Offshore Reinsurers
Insurers opposing a provision to limit U.S. tax deductions for premiums paid to offshore reinsurance affiliates got support last week from a critical report estimating that such a measure would strip ...
California Commissioner Tells Insurers to Cease Price Optimization
California Insurance Commissioner Dave Jones on Wednesday issued a notice to property/casualty insurers doing business in California advising them that so-called "price optimization" in rate making ...