Regulation & Compliance
NY Regulator Subpoenas Chubb, CNA, Liberty Navigator in Iran Sanctions Probe
New York state's top insurance regulator has sent subpoenas to four U.S. insurance companies as part of a probe of potential sanctions violations involving Iran, a person familiar with the matter ...
China Could Attract More Global Firms with Relaxed Insurance M&A Rules
China's decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market. Beijing would allow ...
U.S. SEC Forms Group to Probe Private Equity, Hedge Funds
The U.S. Securities and Exchange Commission (SEC) has put together a dedicated group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required the funds to be regulated, ...
MLP Analysis: Risks Rise for Investors As Energy Partnership World Gets Crowded
High-yielding energy partnerships have lured billions in capital from investors in the past few years and the returns have often matched or beaten expectations. But as riskier kinds of businesses ...
Bank of America to Pay $228M to Settle Forced-Place Insurance Claims
Bank of America Corp. agreed to pay $228 million to settle claims the bank overcharged for insurance homeowners were forced to accept when their regular policies lapsed. The amount was disclosed in a ...
Canadian Pacific Railway Backs Shipper Insurance Requirment
Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada's second-largest ...
AIG Challenges New York Regulator’s Authority Over Sales to Multinationals
American International Group Inc. sued to block New York's top financial regulator, Benjamin Lawsky, from fining it over marketing insurance overseas without a state license, claiming it would be ...JPMorgan Releases Funds to Russian Insurer After Russia Protest, U.S. Approval
JPMorgan Chase & Co. is unfreezing a money transfer from a Russian embassy in Central Asia to an insurer linked to U.S.-sanctioned bank after getting a go-ahead from regulators. "Following ...