Regulation & Compliance
3 Ways FIO’s Report Could Impact Core Insurance Functions and Management
In its report, How to Modernize and Improve the System of Insurance Regulation in the United States (Modernization Report), the Federal Insurance Office (FIO) concluded that a combination of reforms ...Starr Opens Branch Office in Canada; Names Pak as Country Executive
Starr Insurance & Reinsurance Limited said it has been approved to open a branch office in Canada by the Office of the Superintendent of Financial Institutions in Canada (OSFI). Starr said it has ...
Richer Nations at Risk from Sell-Off in Emerging Markets
Any spill-over damage to the developed world from a sell-off in emerging markets is likely to come through violent swings in financial flows rather than via lost trade, with Japan seen as most ...
Bernanke’s 8-Year Term Highlights: Anger at AIG, Media Mishaps, Relations with Congress
Intellectually, Ben S. Bernanke was prepared to tackle the gravest economic crisis since the 1930s as chairman of the Federal Reserve. A Princeton University economics professor, he was an expert on ...
Lifting of Sanctions Brings Uncertainty Over Iranian Oil Tanker Insurance
Insurance for tankers to export Iranian crude may be unusable even after the U.S. and the European Union eased sanctions against the Persian Gulf state, a group covering vessel owners said. Ship ...
German Companies Told No Exceptions to Board Gender Quotas
German listed companies will be granted no exceptions to a 30 percent women's quota for supervisory boards by 2016, said Manuela Schwesig, the minister responsible for drafting the legislation. ...
Securities Class Actions Up in 2013 But Less Than Average
Plaintiffs filed 166 new federal securities class actions in 2013, a nine percent increase over 2012, however, the 2013 total is still 13 percent below the average from 1997 to 2012 despite being ...
Oil Train Catastrophe Risk Weighs on Insurers: Kemp
In the event of a mass-casualty accident involving the derailment of a crude-carrying train in a densely populated urban area, who would be responsible for the compensation for deaths, injuries, ...