Regulation & Compliance
New RAND Center to Study Catastrophe Mitigation, Victim Compensation
The RAND Corp. is launching a new research center that will analyze different approaches to compensating individuals, businesses and others following catastrophes ranging from natural disasters to ...
Insurance Industry Facing Accounting Overhaul in Line with Global Standards
The biggest overhaul of insurance accounting in 30 years was to advance a step on Thursday with the release of a proposal that some insurers fear could make their profits more volatile. In a move to ...
SEC Commish Urges Selective Use Of New Settlement Policy For ‘Bad Actors’
The U.S. Securities and Exchange Commission should focus its new policy of seeking admissions of wrongdoing on cases such as those involving bad actors who have a high risk of being repeat offenders, ...
Supreme Court Limits Workplace Harassment, Retaliation Claims
The U.S. Supreme Court put new limits on lawsuits claiming on-the-job harassment, throwing out a case filed by a black catering worker who said a colleague slapped her and used racial epithets. The ...
Executive Comp Disclosures: Are Mutual Insurers Next?
Mutual insurance carriers have not been totally immune from pressures to clearly disclose details of their executive programs, but those who haven't started down the disclosure path already may need ...
Big Business Chalks Up More Wins Over Class Actions at Supreme Court
In a series of rulings this year, the U.S. Supreme Court has steered a consistent course against consumers or small businesses that want to bring class action lawsuits against corporate defendants. ...
Former AIG CEO Greenberg Must Face N.Y. Suit Over Reinsurance
Former American International Group Chief Executive Maurice "Hank" Greenberg failed to persuade New York state's highest court to dismiss a lawsuit seeking to hold him accountable for sham ...S&P Mortgage Ratings Trial Sought by U.S. in February 2015
The U.S. Justice Department is seeking a trial in February 2015 in its lawsuit against McGraw Hill Financial Inc.'s Standard & Poor's unit over ratings on residential mortgage-backed securities. ...