Regulation & Compliance
U.S. Releases Draft of Voluntary Corporate Cybersecurity Standards
A U.S. bureau on Tuesday unveiled a draft of voluntary standards that companies can adopt to boost cybersecurity - part of an attempt to protect critical industries without setting restrictive and ...
Supreme Court Denies Privacy Claim, Allows Commercial Resale of Driver Records
The U.S. Supreme Court on Monday declined to consider whether a unit of Thomson Reuters Corp. can obtain and sell information on drivers provided by state agencies without violating a federal privacy ...
Treasury Seeks Financial Risk Management Officer for Federal Programs
The U.S. Treasury Department wants to hire someone to help manage risks and protect against losses on federal programs, according to an internal memo. The Treasury intends to create the job of chief ...
Price Optimization: A Dangerous Method?
Last year, right around Halloween, I started noticing some odd goings on at the professional association for actuaries, the Casualty Actuarial Society (CAS). As a Fellow in the CAS, I was receiving ...
N.Y. Fed Reserve Chief: Living Wills Not Enough to Fix Too Big to Fail
Reserve Bank of New York President William C. Dudley said that government plans to wind down large financial firms, while helping reduce the odds of a taxpayer bailout, don't eliminate the need for ...
Prudential Gives Up Fight Over Systemic Risk Designation, Increased Regulation
Prudential Financial Inc., the second-largest U.S. life insurer, abandoned its challenge to a U.S. designation from a Treasury Department panel that subjects the company to increased regulatory ...
In Policy Shift, Massachusetts Allows Producers to Charge Fees
Massachusetts regulators this month announced that producers for all lines of insurance may charge their clients fees in connection with the sale of insurance products. A statewide independent agent ...
Florida Enters Era of Workers’ Compensation Market Stability
Florida's workers' compensation system has reached a rare state of rate stability, according to insurers and officials. The National Council on Compensation Insurance (NCCI), filed for a one percent ...