Regulation & Compliance
DOJ Antitrust Chief Warns S&P Global Over Insurer Ratings Tweak
The Justice Department's antitrust division said in a letter dated last Friday that a proposed methodology change by S&P -- the world's largest credit ratings company -- could raise barriers for ...
Innovation Boosts Carrier Top Lines: AM Best
Insurers with well-developed innovation initiatives have much higher levels of top-line growth than those who lag behind on the innovation curve, AM Best reported last month. In a special report ...
Insurance Commissioners Endorse Climate Risk Disclosure Standard for Insurers
The National Association of Insurance Commissioners (NAIC) announced at its spring meeting that a bipartisan group of state insurance regulators has adopted a new standard for insurance companies to ...
AM Best and S&P Ratings Suspend All Commercial Operations in Russia
AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on Russia-based re/insurance companies, subject to sanctions imposed by the ...
$10B Worst Case Insurance Aviation Loss for Planes Grounded in Russia
A realistic estimate of aviation insurance and reinsurance losses for the grounding of planes in Russia falls in the $5-$6 billion range, but a worst-case estimate of $10 billion would be the biggest ...
Marsh Launches Risk Rating Tool to Assess Companies’ ESG Performance
Insurance broker Marsh announced the launch of its Environmental, Social and Governance (ESG) Risk Rating, an assessment tool that can measure an organization's ESG performance, enabling it to ...
Financial Market Volatility of Russia-Ukraine War Likely to Impact European Insurers
According to Fitch Ratings, the Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility than through direct effects from sanctions. ...
Tussle Over Connected Car Data Shifts Into High Gear; EU Mulling Regs
Where you go. What you pass. Where you stop. What you listen to. What you watch. Your good habits. Your bad habits. Companies in Europe and beyond are vying for control of the crown jewels of the ...