Regulation & Compliance
Managing Risk Amidst a Sea(son) of Change
It is hard not to notice that the business environment for property/casualty insurers has changed the past few years. Profound changes, including an evolving regulatory construct and the rise of "big ...
S&P Proposes Criteria for Rating Mortgage Insurers
Standard & Poor's Ratings Services is requesting comments on proposed benchmarks for rating mortgage insurers, including criteria for analyzing their capital adequacy. The criteria would apply to ...
Derivatives Are Returning, With a Makeover
Derivatives that helped inflate the 2007 credit bubble are being remade for a new generation. JPMorgan Chase & Co. is offering a swap contract tied to a speculative-grade loan index that makes it ...
More U.S. Securities Class Actions Involve High-Frequency Trading
Investors have wasted no time making high-frequency trading, the subject of Michael Lewis' recent best-selling book "Flash Boys: A Wall Street Revolt," a focus of securities class-action litigation, ...
Are Riskier Moves Ahead As P/C Insurers Strategize Investment Mixes?
Property/casualty insurers in the U.S. have enjoyed favorable investment returns in recent years, fueled by investment gains from declining interest rates and equity market advances. However, future ...
Fairfax Discloses Probe of CEO Watsa for Possible Insider Trading
Fairfax Financial Holdings Ltd. said Quebec's securities regulator is investigating Chief Executive Officer Prem Watsa and President Paul Rivett as part of a probe into possible insider trading. The ...
Lloyd’s, AIG Executives Added to Federal Insurance Advisory Committee
Top executives from Lloyd's of London, AIG, Prudential Financial Inc. Marsh & McClennan Companies and General Re Corp. are among 21 new appointees to the Federal Advisory Committee on Insurance. ...
UnitedHealth’s $173M Fine May Be a Warning to P/C Insurers
A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practices ...