Regulation & Compliance
U.S. Comptroller Defends Settlements with Banks, Hits Critics
A top U.S. bank regulator on Tuesday offered a lengthy defense of entering into settlements with banks, taking a swipe at critics who have questioned whether regulators are aggressive enough in ...IASB, FASB Fail To Agree On Bank Loan Loss Rules; Insurers Press For Time
Investors will have to grapple with two sets of rules for how banks recognize losses on loans after the world's two main accounting regulators failed to agree a common approach. At the height of the ...Prospects for Insurance Regulation in 2013
Progress in making insurance regulatory changes has been slow, and there's nothing to indicate that this situation will change in the future. The United States has, however, made relevant changes. ...
Howard Mills Reviews ORSA Challenges & Opportunities
ORSA is more than just another four-letter word. Or acronym, to be precise. For insurers, ORSA is, as Pennsylvania Deputy Insurance Commissioner Steve Johnson said a couple NAIC meetings ago, "a game ...California Commissioner Fingers State Farm, 7 Other Insurers for Iran Investments
California Insurance Commissioner Dave Jones on Wednesday singled out eight insurers licensed to do business in the state that continue to have investments tied to Iran's energy, military and nuclear ...Lucky Or Smart? Experts Weigh In On P/C Industry’s Sandy Impact
While a rating agency analyst contends that good risk management is protecting insurers as they face a new normal level of catastrophe losses, other experts believe luck is playing a bigger role than ...Prior-Year Reserve Takedown To Continue Until 2015: A.M. Best
Rating agency analysts believe prior-year loss reserve takedowns will continue to outpace reserve additions in 2013. In fact, A.M. Best's lead rating officer thinks reserve additions won't emerge ...