Regulation & Compliance
China Regulators Cap How Much Insurers Can Invest in Their Shareholders
China's banking and insurance regulator on Monday capped how much insurance firms can invest in their shareholders, aiming to curb risks linked to the misuse of financial resources. China is ...
Progressive Corp. Tops Commercial Auto Charts; Others Still Ailing: Fitch
The commercial automobile insurance segment is headed for its ninth straight year of underwriting losses when the books close at year-end 2019, analysts at Fitch Ratings predict in a new report. In ...
Wildfires Run Amok in Brazil’s Amazon Rainforest
There are no lights in sight but the night sky glows a dusky yellow, for the Amazon is burning. The smell is of barbecue, of wood charcoal up in flames. During the day the sun, usually so fierce in ...
Revamp of Volcker Rule Eases Restriction on Banks Making Speculative Investments
Wall Street watchdogs rolled out a long-anticipated overhaul of the Volcker Rule that eases its controversial restriction on banks making speculative investments, wrapping up a top de-regulatory goal ...
U.S. Regulators Reportedly Would Drop Bank Accounting Test in ‘Volcker Rule’ Rewrite
U.S. regulators have circulated a new draft of the "Volcker Rule" that would further ease its requirements and scrap a proposed new test that had been met with fierce resistance from Wall Street, ...
California’s New Data Privacy Law Could Be a Game-Changer
As the nation's most far-reaching data privacy law, California Consumer Privacy Act (CCPA), is set to begin Jan. 1, 2020, businesses and their insurers are preparing for a new era in cyber liability. ...
Kentucky Makes a Major InsurTech Overture, Drawing National Interest
On March 26, 2019, Kentucky Governor Matt Bevin signed new legislation that establishes the nation's first comprehensive insurance regulatory "Sandbox," making the Commonwealth of Kentucky a true ...
Foundation Is Working to Report Flood Risk for Every U.S. Property
A group of scientists and a technology nonprofit technology organization have set a mission to calculate the past, current and future flood risk of every property in America. While institutional real ...