Regulation & Compliance
Analysis: Shareholder Revolt Over Pay Unlikely in Europe This Spring
While politicians and public have fulminated against lottery-sized pay awards in Europe's boardrooms, fund firms, which wield the real power, are less concerned by such excesses and unlikely to use ...
Federal Court Vacancies Could Thwart Obama’s Climate Change Agenda
President Barack Obama's plan to use federal agencies, and the Environmental Protection Agency in particular, to drive his second-term climate change agenda might be in peril if he cannot fill vacant ...Federal Court’s Damages Cap Ruling Not Binding on Mississippi’s State Courts
A Fifth Circuit Court of Appeals' decision that Mississippi's $1 million cap on non-economic damages arising from civil litigation does not violate the state constitution's separation of powers ...Basel Cracks Down On Capital-Protection Ploy At Banks
Global regulators have proposed hefty charges to cancel out capital relief banks enjoy when buying pricey insurance to cover risky loans without acknowledging the cost in a timely way. The Basel ...
Fitch Analyzes 2012 P/C Carrier Results
Although the aggregate operating results for a group of large publicly traded property/casualty insurers improved markedly in 2012 compared to 2011, individual carrier performance remains "below par" ...Louisiana Commissioner Opposes $100M Citizens Insurance Borrowing Plan
Louisiana Insurance Commissioner Jim Donelon said it's premature for the state property insurer of last resort to borrow $100 million to help close a budget gap, according to a letter released March ...
New York Reaches Settlement With Assurant, Largest U.S. ‘Force-Placed’ Insurer
The New York State Department of Financial Services investigation has produced a settlement with the country's largest "force-placed" insurer, Assurant Inc. New York Gov. Andrew Cuomo, who announced ...