Regulation & Compliance
Insurers Bullish on Private Market Assets for Diversification: BlackRock
Insurance companies around the world are making a significant move toward private market assets to diversify against the risks that have traditionally underpinned their businesses, according to a new ...
The Fed Wants Insurer Input As it Builds Capital Rules
The Federal Reserve today announced a voluntary survey into the potential impact of capital rules for insurance companies that it regulates. The Federal Reserve is seeking comments from the industry ...Greenberg Argument: U.S. Bailout of AIG Extorted Shareholders
The U.S. extorted American International Group Inc. shareholders when it extended a $182 billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice "Hank" Greenberg ...
IRS Warns of FATCA-Related Phishing Scams
The Internal Revenue Service is warning that "scam artists" posing as members of the agency are using phone calls and faxes in an attempt to steal financial and account holder information from ...
Prop. 103 vs. Self-Driving Cars Revving Up in California
Way back in 1988 it probably seemed like the idea of self-driving vehicles was about as far off as flying cars or hovercraft. That was the year California voters enacted Proposition 103, giving an ...
Treasury Takes First Steps to Curb Tax Inversions
The U.S. Treasury Department announced steps that will make it harder for U.S. companies to move their addresses outside the country to reduce their taxes, clamping down on the practice known as ...
A.M. Best Puts Arch JV Partner Gulf Reinsurance Limited Under Review
A.M. Best has placed the financial strength rating of A- (Excellent) of Gulf Reinsurance Limited (Gulf Re) (United Arab Emirates) under review with negative implications. The under review with ...
Hurricane Odile Losses Mount for Mexican Insurers; Credit Negative, Moody’s Says
Reporting a preliminary assessment of just under $1 billion from a Mexican insurance trade group, Moody's said substantial claim losses from Hurricane Odile are a credit negative for Mexican ...