Regulation & Compliance
U.S. Says Japan Signing Liability Pact Would Aid Nuclear Cleanup
Japan will receive international help with the cleanup at the Fukushima atomic station once it joins an existing treaty that defines liability for accidents at nuclear plants, U.S. Energy Secretary ...
AIG Says NY Probing If ALICO Misled Regulator, Lacked License
American International Group Inc. said regulators in New York are probing whether former subsidiaries lacked proper licenses and provided misleading information. The insurer is responding to requests ...
MetLife May Challenge If Designated Systemically Important
MetLife Inc., the largest U.S. life insurer, said it will weigh challenging any designation as a systemically important financial institution after smaller rival Prudential Financial Inc. abandoned ...
Florida Eyes Effect of Lower Reinsurance Costs on Homeowners Rates
Florida Chief Financial Officer Jeff Atwater wants to know why home insurers are not passing along to insureds apparent savings they are realizing on reinsurance. The state's insurance regulator says ...
Obama Administration Pushes Congress to Renew Trade Promotion Authority
The Obama administration's top trade official said on Tuesday that the United States is aiming to finalize a giant trade deal with 11 other Pacific Rim nations by the end of year, but that it needs ...
Insurer Founder, Delaware Regulator Fight Over Company Seizure
Indemnity Insurance Corp., which insures nightclubs, is at the center of a legal tug of war between its founder and the Delaware insurance commissioner. The dispute between company founder Jeffrey B. ...
New York Announces Emergency Disaster Protocol for Insurers
New York Gov. Andrew Cuomo announced that his administration has established a new emergency disaster protocol that insurers should expect to follow in the event of future severe storms and other ...
Insurance, Tax, Climate Groups Hit Proposed Delay in Flood Insurance Increases
The prospect of a delay in flood insurance reforms that are raising premiums for many homeowners is being met with pushback from business, taxpayer, climate and insurance groups. Rep. Maxine Waters, ...