Regulation & Compliance
NAMIC Names New Federal Affairs Director
John Hair, a veteran lobbyist with nearly eight years of experience, is joining the Washington, D.C., office of the National Association of Mutual Insurance Companies (NAMIC), a trade association ...
Researchers Question Privacy of Usage-Based Auto Insurance
A study by a handful of university professors in Colorado claims user-based insurance tracking programs installed in millions of vehicles can collect data that shows where drivers are going, ...
Iranian Trade with India Hit by Insurance Delay: Reuters
Oil and container trade between India and Iran has been disrupted due to uncertainty over insurance cover, leaving some ships stranded outside ports in both countries, industry sources said. The ...
Downgrade of Tower Group to B++ Likely to Have Further Negative Effects: A.M. Best
A.M. Best Co. announced Tuesday that the rating agency has downgraded the financial strength rating of members of Tower Group to B++ (Good) from A- (Excellent), one day after the company itself ...
U.S. Regulator Names Firm That Could Replace Fannie, Freddie
The regulator overseeing major mortgage finance sources Fannie Mae and Freddie Mac on Monday said it filed legal paperwork to create a common platform for the two firms to issue mortgage-backed ...
Will Biggert-Waters Save the Flood Insurance Program? No, It’s Not Even Close
The Biggert-Waters Flood Insurance Reform Act (Biggert-Waters) was enacted in 2012 with the goal of reforming and thereby saving the National Flood Insurance Program (NFIP). It is a well-meaning and ...Insurers Making ‘Immense Changes’ Under Solvency II: German Insurer CEO Goerg
Insurers in Europe will make "immense changes" to their business when new risk-based rules are put in place, the chief executive officer of Gothaer Group and head of a group representing German ...
AIG’s Mortgage Insurer Woos Business Amid FHA Shutdown
American International Group Inc.'s mortgage insurer, whose biggest rival is a U.S. agency, is wooing borrowers with the prospect that they'll avoid delays tied to the partial government shutdown. ...