Regulation & Compliance
Insurers’ H1 Featured Spike in Downgrades, But Upgrades Still Came Out on Top: A.M. Best
Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty industry during the first half of 2018, according to an A.M. Best report. But the ...
NAIC Alert Forcing Insurance Companies to Rethink Cash Strategy
Diversification just became a little more difficult for insurance companies thanks to a correction of an unintentional error on the part of the National Association of Insurance Commissioners (NAIC). ...
U.S. Regulator Downplays Immediate Need to Regulate Self-Driving Cars
It's premature to regulate the self-driving vehicles being tested by companies such as General Motors Co. and Waymo LLC, the U.S. government's top auto safety official said. "At this point the ...
Fitch Affirms Liberty Mutual’s Financial Strength Ratings but Lowers Outlook
While Fitch affirmed Liberty Mutual Group's financial strength ratings, the news isn't all good: Its ratings outlook got lowered a notch. Liberty Mutual's tough 2017 is largely to blame for the ...
Security of Self-Driving Vehicles High on U.S. Regulators’ Minds
In closed-door meetings last March, U.S. transportation regulators and others grappled with questions about whether police should have the power to disable self-driving cars and whether an automatic ...
UK Insurers, Banks Must Be Transparent About Data Collection or Face New Rules: UK Regulator
Britain's banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell said on ...
AmTrust Struck With A.M. Best Ratings Downgrade
AmTrust Financial Services got slapped with a downgrade of its financial strength and credit ratings from A.M. Best, even as the company's stockholders recently approved a bid to take it private. The ...
U.K. Regulator Fines Big Four, Puts KPMG Under Increased Scrutiny
The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile ...