Regulation & Compliance
FIO Chief McRaith Dismisses State v. Fed Debate as ‘Relic’
The state versus federal oversight discussion is a "binary debate" that is a relic of a bygone era, the director of the Federal Insurance Office told lawmakers at a Congressional hearing Tuesday. FIO ...
RSA Insurance Turns to Ex-RBS Boss Hester as CEO
RSA Insurance Group Plc hired former Royal Bank of Scotland Group Plc Chief Executive Officer Stephen Hester to lead the U.K. insurer, as it seeks to put a scandal at its Irish unit behind it. ...
AIG Ex-CEO Greenberg Loses Bid to Remove Judge From New York AG Case
Maurice "Hank" Greenberg, the former chairman of American International Group Inc., lost his bid to remove a judge from a lawsuit brought in 2005 by the New York state attorney general accusing him ...
No Disclosure of Lawmakers’ Own Crop Insurance Payments in Farm Bill
Crop insurers successfully lobbied to keep several proposals out of the farm bill set to pass the U.S. Congress today -- such as a requirement that would have forced farmer-lawmakers to disclose ...
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 ...