Regulation & Compliance
California Will Require Drivers for Driverless Cars
Google Inc. envisions a world where a blind man can get in his car alone and tell it to take him to the grocery store. California regulators say self-driving automobiles aren't smart enough yet to ...
A.M. Best Places AIG’s Financial Strength Rating Under Review, with Negative Implications
AIG's massive strategic plan - including a move to boost its loss reserves - caught the attention of A.M. Best. The ratings outfit is not impressed. The financial strength rating for American ...
Regulation According to Lloyd’s of London’s Sean McGovern
The start of 2016 brought with it the launch of Solvency II, rules in the European Union that govern how much capital insurers must set aside for operational risk, investment and underwriting. ...
What’s in a Name? The Importance of Reputation Management
"Give a man a reputation as an early riser and he can sleep 'til noon," Mark Twain once said. Reputation is as important today as it was in Twain's day, but perhaps not necessarily as unassailable. ...
Cuomo Nominates Corporate Lawyer to Run N.Y. Dept. of Financial Services
New York Governor Andrew Cuomo signaled a shift in New York's oversight of Wall Street, tapping a longtime corporate lawyer to run the state banking regulator previously overseen by an aggressive ...
Insurers in California Face Mandate to Disclose Coal Company Holdings
California's insurance commissioner on Monday asked all insurance companies doing business in the state to voluntarily divest from coal companies and said he will also require insurance companies to ...
‘Almost Pointless’: KBW’s Take on AIG Mortgage Insurance Spinoff Plan
American International Group Inc.'s plan to spin off a portion of its mortgage insurance unit is "almost pointless" given the challenges that Chief Executive Officer Peter Hancock faces to fix the ...
Zurich’s Ratings Stay the Same Despite Projected Q4 Losses: A.M. Best
Zurich Insurance Co. Ltd.'s financial strength rating of A+ (Superior) and issuer credit rating of "aa-" remain unchanged, following preliminary news of more losses to come in the insurer's general ...