Regulation & Compliance
Whistleblower Tips Up in 2014: SEC
The U.S. Securities and Exchange Commission received more than 3,500 tips from whistleblowers in fiscal year 2014, the largest number received since the program went into effect three years ago. The ...
State Regulators Form Cyber Issues Task Force
The National Association of Insurance Commissioners (NAIC) said it has formed a special task force to help states coordinate efforts related to cyber security and insurance industry data and ...
P/C Lobbyists Come Out Swinging Against International Capital Standards
Trade groups representing the property/casualty industry are fighting back against a push to apply global capital requirements to large U.S. insurers who have significant international operations. ...
NAIC Working Group Recommends Bermuda as Qualified Jurisdiction
A working group of the National Association of Insurance Commissioners (NAIC) has recommended the Bermuda Monetary Authority (BMA) for approval as a "qualified jurisdiction" under the NAIC's ...
Industry Disrupters Will Cut Distribution, Dispute Resolution Costs, P/C Execs Say
Property/casualty insurance industry executives peering out into the future aren't singularly focused on capital providers as potential industry disrupters in the years ahead. Brian Duperreault, ...
Underreserving, Balance Sheet Fundamentals Taking a Back Seat in Rating Agency Analyses
Loss and loss adjustment expense (L&LAE) reserving and reported income are but two components of a thorough, all-encompassing rating agency analysis of an insurer. Today, more than ever before, ...
Questions About ERM Linger Over International Fidelity Insurance: A.M. Best
Although A.M. Best has affirmed the "A-"International Fidelity Insurance's "A-" financial strength rating, the rating agency said it has assigned a negative outlook to the ratings for IFIC and ...
Validus’ Newly Acquired Western World Ops Lose ‘A+’ A.M. Best Rating
Although rating agency A.M. Best says Validus Holdings' Oct. 2, 2014 acquisition of Western World Insurance Group means greater financial flexibility for the acquired excess and surplus lines ...