Regulation & Compliance
E&S Player Gets an S&P Upgrade; Alleghany’s RSUI Now at ‘A+’
S&P Global Ratings announced an upgrade of its financial strength ratings for Allegheny's RSUI companies to "A+" on Wednesday, citing the excess and surplus lines operations' "core" status to the ...
Assurant Gets A.M. Best Financial Strength Ratings Affirmation
Assurant can celebrate the fact that A.M. Best affirmed its financial strength ratings, but that news also came with a few words of caution. The ratings agency said that there were a few check marks ...
AIG Shifts Some Employees to EY in Managed Tax Services Collaboration Deal
American International Group and Ernst & Young will collaborate on managed tax services and technology in a new five-year agreement that also involves a transfer of some employees to EY. Their ...
Opinion: Steps Regulators and Legislators Should Take To End Reverse Competition Abuses
Reverse competition is a major problem in insurance lines like title insurance, credit insurance, and lender-placed insurance—one that is not easy to correct. The beneficiaries of reverse ...
Opinion: Competition Driving Prices to Excessive Levels in Several Specialty Insurance Lines
Competition is driving up prices. No, that's not a typo, and, no, this is not a belated April Fool's column. As a result of a serious insurance regulatory oversight problem in most states, certain ...
Price Optimization Continues as an Unresolved Issue
Price optimization and the controversy over whether or not to use it in insurance continues even though many states have banned the practice, panelists said during the Casualty Actuarial Society's ...
Insurers, Banks to Get Brexit Update From Bank of England
The Bank of England said it would update banks and insurers next week on its approach to Brexit given that Britain and the European Union have now adopted a transition deal. "The Bank of England ...
China’s New Insurance/Banking Head Known for ‘Regulatory Firestorm’
Chinese financial heavyweight Guo Shuqing has been appointed head of the country's newly merged regulator for the banking and insurance sectors, Financial News, the official newspaper of the central ...