Regulation & Compliance
Smart Choices, Luck Help U.S. P/C Insurers Stay Stable: S&P
Good news alert: the U.S. property/casualty insurance sector "has been dealt a good hand" and remains stable due to smart choices and a little bit of luck, Standard & Poor's said in a new report. ...
S&P Sees Proposed Insurer Rules as Strong on Risk Management
Standard & Poor's said the Federal Reserve Board's proposed rules for insurers under its oversight are strong as far as risk management, but uncertainty remains as to other crucial details. "We ...
House Republican Proposes Gutting ‘89.7 Percent’ of Dodd-Frank
The chair of the U.S. House Financial Services Committee has proposed getting rid of much of the regulation put in place after the financial crisis, unveiling a plan on Tuesday that ignited fierce ...
IACP Conference Report: Could CEO Retirements, Brexit Fuel M&A?
Short memories and immediate pressures on growth and profit are among the factors that may explain the surge of M&A deals in the property/casualty insurance sector last year, an analyst said last ...
Proposed Capital Rules Would Reflect AIG, Prudential’s Insurance Identities
American International Group Inc. and Prudential Financial Inc.'s new capital rules should reflect the insurance business's differences from Wall Street banking, the Federal Reserve said in a ...
Eastern Canadian Province Slaps 15% Sales Tax on Insurance Policies
The eastern Canadian province of Newfoundland and Labrador is imposing a new 15 percent retail sales tax on home, auto and business insurance policies. Effective July 1, 2016, all new or renewing ...
U.S., Other Business Groups Say China’s Cyber Rules for Insurers Go Too Far
Controversial cyber security regulations for China's insurance industry, now before the World Trade Organization (WTO), could soon take effect despite efforts by foreign business groups to persuade ...
AIG to Appeal California Ruling Allowing PIMCO Suit to Proceed
American International Group Inc. failed to persuade a judge to throw out a lawsuit by Pacific Investment Management Co. over investments that were wiped out because of the insurer's exposure to ...