Regulation & Compliance
Best Revises Lloyd’s Outlook to Stable from Positive on Difficult Business Conditions
A.M. Best has revised the outlooks to stable from positive of Lloyd's and Lloyd's Insurance Co. (China) Ltd., while at the same time affirming their financial strength rating (FSR) of A (Excellent) ...
Insurance Industry Slams Treasury’s New Auto Insurance Affordability Formula
Federal regulators have adopted a methodology for monitoring the affordability of automobile insurance, capping years of debate and public comments. Property/casualty insurers, however, said the new ...
New Capital Rules Poised to Transform Kenya’s Insurance Industry
A push by Kenyan regulators to clean up the East African country's insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according ...
A.M. Best’s ‘A-‘ Rating Not as Good as It Seems: Fitch Analysis
Fitch Ratings warned Tuesday that users of insurance ratings from four large credit rating agencies (CRAs) fail to understand differences in the rating scales—differences that separate A.M. Best ...
EY CRO Survey Preview: Evolution Toward True ERM
With regulatory requirements intensifying and endless technological advances, senior risk management executives for property/casualty insurers face a complex and shifting landscape. As a result, many ...
SEC to Target Tesla for Disclosure Failure: WSJ Report
The U.S. Securities and Exchange Commission is investigating Tesla Motors Inc. for a possible securities law breach after the electric car maker failed to disclose a fatal crash in May, the Wall ...
Insurance Matters for Police Reform: University Researcher
Liability insurance may be a "neglected backdoor route to police reform," according to a researcher from the University of Chicago. John Rappaport, an assistant professor at the University of Chicago ...
Insurers Seek Influence on Next Round of Transatlantic Trade Negotiations
Insurers are doing what they can to shape the next negotiating round for the Transatlantic Trade and Investment Partnership, which is set to begin the week of July 11. The TTIP is designed to boost ...