Regulation & Compliance
AXIS’ A.M. Best Outlooks Revised to Negative; Struggling Insurance Arm Blamed
AXIS Capital Holdings' money-losing insurance segment has drawn the attention of A.M. Best, which revised its outlooks for the Bermuda-based carrier to negative from stable, based largely on its ...
Insurers May Not Be Able to Avoid Blockchain, Virtual Currencies ‘Sweeping Through Industry’
Insurers need to be thinking about blockchain technology and virtual currencies like bitcoin and how to approach these areas of emerging risk as they become harder to ignore, according to panelists ...
March 1 Autonomous Car Summit Planned by U.S. Transportation Dept.
Auto manufacturers, technology companies, road safety advocates and policy makers will attend a March 1 conference over potential government actions that could speed the rollout of autonomous cars, ...
China P/C Insurers Reportedly See 2017 Operating Cash Flow Turn Negative Amid Crackdown
China's insurance firms saw their net operating cash flow slump 65 percent last year, a source said citing data in a government memo, underscoring the challenges facing the sector as it reels from a ...
AIG, Argo, EMC CEOs Stress Importance of Balanced Regulatory Environment
At the Insurance Information Institute's (I.I.I.) 2018 P/C Joint Industry Forum, held January 16 at New York City's Marriott Marquis, panelists stressed the importance of a balanced regulatory ...
Florida Court, Regulator Reject Policy Language to Curb AOB Abuse
Florida appeals court has sided with the state's insurance regulator in rejecting policy language filed by a Florida homeowners insurer to restrict the use of assignment of benefits. The decision ...
Federal, State Regulators Propose Consolidated Collection of Terrorism Insurance Data
The process carriers follow to collect data required under the U.S. federal terrorism reinsurance program are moving toward a more streamlined approach in 2018. Previously, U.S. Department of ...
Allied World Is Back in A.M. Best’s Good Graces
Allied World Assurance Company Ltd. is back in A.M. Best's good graces. The insurer and its divisions have been removed from their status as "under review with negative implications." Also, A.M. Best ...