Regulation & Compliance
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 ...
Morgan Stanley Says Employee Stole Wealth Management Client Data
Morgan Stanley said on Monday it had fired an employee who allegedly stole account information from about 350,000 of its wealth management clients and posted some of it online. There is no evidence ...
Female CFOs Less Aggressive on Tax Dodges: Study
Female chief financial officers at U.S. corporations are less likely to adopt high-risk tax-avoidance strategies than their male counterparts, according to a study by an accounting group. The chances ...
FIO Report on Global Reinsurance Industry Released
The U.S. Department of the Treasury's Federal Insurance Office released a report outlining the role the global reinsurance industry plays in the U.S. insurance industry late last year. The report, ...
OSHA Rule Changes on Worker Death, Injury Reports Take Effect
Effective Jan. 1, 2015, all employers under the jurisdiction of the Occupational Safety and Health Administration will be required to report all work-related fatalities within eight hours. In ...
Report: S&P Close to Settling Real Estate Bond Rating Investigation
Standard & Poor's Ratings Services is nearing a settlement with regulators over their investigation of how the company graded real-estate bonds, the Wall Street Journal reported, citing people ...
Standard & Poor’s, A.M. Best, Downplay Initial Impact of TRIA’s Demise
Many insurers and businesses argue the absence of federal terrorism reinsurance beginning in 2015 could lead to a market breakdown and canceled coverage. But in the wake of Congress's inability to ...
Fitch: Capital Levels, Continued Profits Support Stable P/C Outlook
In addition to opining that the momentum behind premium rate hikes is now exhausted in the property/casualty insurer sector, Fitch Ratings delivered predictions on key financial measures for 2014 and ...