Regulation & Compliance
AmTrust Refutes Negative Report on Accounting, Says Future ‘Never Been Brighter’
AmTrust Financial Services Inc. (AFSI), a New York-headquartered insurer whose stock price fell last week in wake of a negative report from research firm GeoInvesting, is assuring investors its ...
Nasdaq Loses Bid to Have Facebook IPO Lawsuit Dismissed
A federal judge has rejected Nasdaq OMX Group Inc.'s bid to dismiss lawsuits by investors who accused the exchange operator of botching Facebook Inc's $16 billion initial public offering, a decision ...
Florida’s Citizens Says Clearinghouse Delay Allows More Insurers to Join
Florida's state-backed property insurer announced that the debut of a new web-based clearinghouse would be delayed for a few weeks in order to ensure it is working efficiently and to allow more ...
Treasury’s FIO Releases Long-Awaited Modernization Report
After nearly two years of delays, the U.S. Department of the Treasury's Federal Insurance Office (FIO) today released its report on how to modernize and improve the system of insurance regulation in ...Fitch Affirms QBE Financial Strength at A+, Downgrades Issuer Default Rating
Fitch Ratings has affirmed the "A-plus" insurer financial strength (IFS) ratings for the subsidiaries of QBE Insurance Group, while downgrading the group's long-term issuer default rating (IDR) to ...
Fragmentation Will Damage Global Internet, Warns Kaspersky CEO
Governments around the world may be compelled to wall off their Internet systems as nations and companies move to protect sensitive data amid increasing cybercrime and espionage, Kaspersky Lab Chief ...
Insurance and Regulation Remain Obstacles to Amazon Drones
For Amazon's recently announced drone delivery system to get off the ground, the company will have to solve numerous difficult technological challenges. Chief among them will be increasing battery ...
Study Forecasts Growth for Professional Liability Insurance Market Across Europe
The market for professional indemnity insurance across 10 European countries - Austria, Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Switzerland and the UK - will be worth around ...