Regulation & Compliance
Insurer Insolvencies Fuel Director Liability; Board Roles Becoming More Complex
Member of boards of directors of insurance companies are increasingly concerned about lawsuits they might face in troubled situations—and they should be, according to a former insurance regulator. ...
Financial Industry Takes Cybersecurity Seriously: Judd Gregg
The financial industry has been under a constant state of attack for the past year as hackers attempt to steal clients' money, crash computer systems and disrupt capital markets. So far, the industry ...
S&P to Defend Credit Rating ‘Puffery’ in Case Over Fraud Charges
Standard & Poor's, getting its first shot in open court at U.S. Justice Department claims it should pay as much as $5 billion in civil penalties, will defend itself by arguing reasonable ...
Canada Train Explosion Spurs Debate Over Safety of Crude Oil Shipping
A train disaster that killed five people in Quebec promises to touch off debate over the safety of shipping crude oil by rail or pipelines such as TransCanada Corp.'s Keystone XL. As authorities ...
Europe’s Financial Regulation Scheme Still a Work in Progress
Five years after mismanagement brought the global financial system to the brink of collapse, a Reuters survey reveals yawning differences in the way European Union countries assess whether bankers ...
Drugmakers Search for Safer Painkillers Amid Opioid Abuse Epidemic
Backed by a U.S. campaign to slow abuse of prescription painkillers, drugmakers are devising new forms of the medicines that don't lead to misuse and new products that treat dependency in a bid to ...
Looking Ahead: Corporate Governance Filings
At the NAIC's spring meeting in April, the organization's Corporate Governance Working Group moved a step closer to implementing new corporate governance requirements for insurance companies by ...
Appoint An Ex-Regulator To Your Board, Pa. Deputy Commish Says
When the deputy insurance commissioner of the Pennsylvania Department of Insurance describes the benefits of diversity in insurance company boardrooms, he's not necessarily talking about adding more ...