Regulation & Compliance
From the Web: More Companies Accentuate the Positive Instead of GAAP Results
Companies are increasingly accentuating the positive elements in their financial results, and trying to downplay the less flattering numbers. As the New York Times reports, regulators still require ...
Scott Fischer Named as New York’s Top Insurance Watchdog
New York's financial regulator promoted Scott Fischer to be the state's top insurance watchdog, a position that involves overseeing about 1,700 companies with more than $4 trillion of assets. ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
Catastrophe Exposure Grows with Selective Use of Alternative Capital: A.M. Best
Insurers in the London, Europe and Bermuda markets writing catastrophe-exposed business take a different approach to retention of risk at the 1-in-100-year return level in comparison to the ...
Chubb Ranks Best in D&O Loss Ratio But Still Trails AIG in Premiums
The Chubb Corporation continued to report the best direct loss ratio for U.S. directors and officers liability insurance last year, according to a report released by Fitch Ratings last week. But ...
CFOs Reveal Wackiest Expense Report Submittals; What to Do About Them
If you're a CFO who has been doing a double-take at some of the expense reimbursement requests submitted for your approval, you're not alone. Only 11 percent of executives reported a drop in ...
Are Carriers Facing a Paper Bias for Notices of Cancellation and Nonrenewal?
The insurance industry has been notoriously slow to fully embrace electronic forms of commerce and there may be good reasons for the hesitation. Until recently, antiquated, prescriptive requirements ...
Chubb Designs New Coverage for Independent Directors of Mutual Funds
Chubb started marketing a new policy designed to help protect independent directors of mutual funds. The product's name: CODA Premier Mutual Fund Independent Director Liability Excess DIC policy. ...
MetLife Beats Back U.S. Government’s Too-Big-to-Fail Label
MetLife Inc. beat back a U.S. attempt to label it too big to fail, which would've put America's biggest life insurer under tougher government scrutiny and forced it to put more money in reserves. A ...