Regulation & Compliance
Cat Bonds, Emerging Risks and More at S&P’s Annual Insurance Gathering
Cat bond issuances are hitting record levels, leaving the industry with questions about how long alternative capital will keep pouring into the reinsurance market. That idea emerged during the ...
Insurer Capital Rules Tweaked in New Senate Bill
The U.S. Senate has approved a bill tweaking the 2010 Dodd-Frank law's treatment of insurers, a rare adjustment to the Wall Street reform law that had been sought by the industry. Senators ...
S&P Ratings Lawsuits Allowed to Proceed in State Courts
Standard & Poor's suffered a defeat on Tuesday in litigation accusing it of issuing misleading credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. ...Prudential, AIG Get Ex-Connecticut Insurance Regulator As Federal Overseer
The U.S. Federal Reserve has hired a former state insurance commissioner to help it oversee non-bank financial firms that a council of regulators identified for tougher scrutiny last year. Thomas ...
Judge Quashes Bid By Ex-AIG CEO Greenberg to Dismiss Civil Suit
A New York state judge has rejected a request by Maurice "Hank" Greenberg, the former American International Group Inc chief executive officer, to dismiss a long-running civil lawsuit by the state's ...
Google Driverless Cars, Minus Steering Wheels, Redefine Auto Risks
Google Inc is building cars that don't have steering wheels, accelerator pedals or brake pedals, in an ambitious expansion of the Internet company's efforts to develop self-driving cars. The small ...
FTC Urges Congress To Lift Veil on Data Broker Activity
Companies known as data brokers collect and sell information about "nearly all" U.S. consumers, drawing potentially harmful conclusions about them largely without their knowledge, U.S. regulators ...
Travelers’ A.M. Best Financial Strength Ratings Soar
Travelers and most of its subsidiaries saw their already stellar financial strength ratings from A.M. Best get even better. This was based, in part, on the insurer's ability to generate solid ...