Regulation & Compliance
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 ...
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, ...