Regulation & Compliance
China Reportedly May Delay Full Launch of New Cyber Security Rules
China may delay full implementation of controversial new cyber security rules, giving companies more time to prepare, two people who attended a meeting on Friday between the country's internet ...
MetLife ‘Too Big to Fail’ Case on Hold: U.S. Appeals Court
A U.S. appeals court on Friday granted a 60-day pause in the long-running case in which the country's largest life insurer, MetLife Inc., has challenged the federal government's labeling of it as ...
AIG’s Problems Worsened U.S. Commercial Lines Insurance Sector’s 2016 Decline: Fitch
While U.S. commercial lines insurance had been a relatively bright spot among property/casualty insurers, the sector is facing some clear deterioration due to weakening premiums and poor loss ...
AmTrust Spent More than $33M to Clean Up Accounting Issues
AmTrust Financial released its 2017 Q1 earnings statement on May 8, after pursuing an audit and having to restate a few years of earnings due to financial reporting concerns. Cleaning up its ...
Implications of NYDFS Regulations on Cyber and D&O Exposure
March 1, 2017 marks the effective date for the first-of-their-kind cybersecurity regulations from the New York Department of Financial Services (NYDFS). The regulations, which will be phased in over ...
Insurer Investors Stymied by Complex Solvency II Reporting Requirements: Willis Towers Watson
The insurance sector is at risk of being further marginalized by investors because performance reporting has become more complicated as a result of Solvency II, according to a report published ...
The Latest Launches From XL Catlin and Willis Towers Watson
XL Catlin has developed a broad coverage plan designed to help address emerging risks and heightened security threats. Willis Towers Watson released an updated version of "Unify," its systems ...
New York’s New Cyber Regulation Could Impact D&O Liability Coverage
While the full implications of the New York State Department of Financial Services' (DFS) cybersecurity regulation, which went into effect March 1, are still being realized by the insurance industry, ...