Regulation & Compliance
Tyco Moving to Ireland as Swiss Tighten Laws on Exec Pay, Immigration
Security systems maker Tyco International said its board had approved a proposal to move the company's headquarters to Ireland from Switzerland, citing recent Swiss laws capping executive pay and ...
U.S. Treasury Priority: Putting an End to Tax-Driven Business Moves Abroad
The Obama administration is seeking ways to curb tax-dodging by U.S. businesses that reincorporate overseas, a U.S. Treasury official told Reuters on Wednesday, highlighting growing concern about ...
It has been said that the best advertisement for insurance is not having it (or not having enough of it)...
Many Employers Unfamiliar With Management Liability Risks Posed by Affordable Care Act: Travelers
A new survey sponsored by Travelers reveals that many businesses may not be prepared for implementation of the Patient Protection and Affordable Care Act (PPACA). The survey, conducted in March by ...
Beyond Market Conduct Exams: How to Establish a Compliance Culture at a P/C Carrier
Resources invested in compliance are somewhat like premiums paid for insurance policies—paying upfront today prevents you from having to pay more later. Although midsize carriers may need to expend ...
FIO’s Affordability Study Needs Unified Industry Input: Howard Mills’ View
There are very few sure things in life, but among the closest to a certainty is that every year, on the ubiquitous year-end lists of top risks insurers face in the year to come, regulatory risk will ...
Former KPMG Partner Gets Jail Time for Insider Trading
Former KPMG LLP senior partner Scott London, who had provided tips to a friend about the accounting firm's clients, was sentenced to 14 months in prison on an insider trading charge by a federal ...Subprime Auto Lender May Have Exposed Clients’ Personal Info
Benjamin Lawsky, New York's top banking regulator, sued Condor Capital Corp., claiming the subprime auto lender stole millions of dollars from low-income customers and risked exposing their personal ...
SEC Unveils Blueprint for Cyber Security Exams of Wall St. Firms
U.S. securities regulators have unveiled a road map that lays out how they plan to make sure Wall Street firms are prepared to detect and prevent cyber security attacks. The nine-page document, ...