Regulation & Compliance
SEC Launches Tower Group Investigation
Tower Group International's situation has taken another turn for the worse, with news that the U.S. Securities and Exchange Commission is now investigating the struggling Bermuda insurer and ...
Upgrades and Negative Outlooks: What’s Wrong With This Picture?
As the days counted down to the Rendez-Vous de Septembre, Fitch Ratings announced a string of favorable rating actions on several global reinsurers in late August. Fitch's Aug. 20 statement about its ...
Demotech U.S. Company Classification System
Demotech's philosophy is to review and evaluate insurers based on their focus and execution of their business model rather than on financial size. This philosophy was the catalyst for the development ...
Regional, Specialty Insurer Analysis: Broader Focus Enhances Profitability
Insurers focusing their business on a single state or coverage line experienced decent levels of premium growth in recent years, but they also recorded higher combined ratios than diversified ...
Which Nonbank Financial Firms Will Face More Regulatory Oversight?
The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. Treasury Department said on Thursday. The Financial Stability ...
Tower Group Dealt More A.M. Best Ratings Downgrades
Tower Group International must deal with more ratings downgrades from A.M. Best, spurred by its soaring net losses and uncertainty over whether it can carry its debts through an intended merger with ...
Is FIO About to Step Into Data Collection?
The Federal Insurance Office (FIO) has taken a step toward fulfilling one of its obligations under the Dodd-Frank Act—a step that may ultimately have significant implications for auto insurers. ...
Ex-AIG CEO’s $25B Bailout Lawsuit to Move Forward
A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group, over the ...