Regulation & Compliance
Data Theft Nearly Impossible to Beat, Say Davos Executives
Fighting online data fraudsters is almost impossible as their ability to hack into new technology often outpaces companies efforts to protect it, senior businessmen and bankers gathering for the ...
Tonga Receives First Payout from Pacific Insurance Pilot for Cyclone Ian
The World Bank said that Tonga will be the first country to benefit from a payout under the Pacific Catastrophe Risk Insurance Pilot and will receive an immediate payment of US $1.27 million towards ...
Point/Counterpoint: Analysts Take Opposing Sides on Proposed Accounting Standards
Opinions vary widely among property/casualty insurance experts on the desirability of accounting standards being proposed by the Financial Accounting Standards Board and the International Accounting ...
New Insurance Accounting Standards Are Coming: It’s Time to Get Ready
If you are like most insurance executives you are probably aware that changes are coming to insurance accounting, but you're probably not exactly sure what they are or why all this is happening. The ...
Top 5 Reserve Boosts in 2013; Fitch Reveals Carriers with Unfavorable Development
Although the property/casualty insurance industry overall will report favorable loss reserve development from prior underwriting periods for the eighth consecutive year in 2013, several individual ...
Five Insurers Lead P/C Industry to 8th Year of Reserve Takedowns: Fitch
Headline reserve charges for Tower Group, Meadowbrook Insurance Group and QBE Americas in 2013 didn't interrupt an eight-year trend of overall prior-year reserve takedowns for the property/casualty ...
Ex-Treasury Deputy Wolin Says Federal Insurance Office Makes Sense
To make continued improvements in the U.S. insurance regulatory system, it's imperative for state and federal officials to work collaboratively and share information and perspectives, said former ...
Reinsurer Downgrades Ahead, S&P Says; A.M. Best Says Sector Stable
Almost half of the global reinsurers rated by Standard & Poor's are "materially exposed" to competitive pressures, the rating agency said Monday, warning of negative rating actions to come for ...