Regulation & Compliance
Top 10 Market Conduct Actions Against P/C Insurers: Claims Mgmt. Leads
Slow claim handling, the use of unapproved rates and a failure to provide required compliant disclosures top the list of market conduct actions taken against U.S. property and casualty insurers in ...
Mexico Cat Bond Likely to Pay on Hurricane Patricia Losses: S&P
Bonds sold by Mexico to shield it from the cost of repairing hurricane damage are closer to paying out after the biggest storm ever measured in the Americas struck the country last month, Standard ...
A.M. Best Downgrades Century Casualty Company to B
A.M. Best downgraded the financial strength rating Century Casualty Company to B (fair) from B+ (good), the Oldwick, N.J.-based rating agency announced last Thursday. Concurrently, Best revised the ...
The C-Level Actuary
Actuaries have always been involved in the management of risk, and more and more we are seeing actuaries take on roles that may be considered outside of the realm of "traditional" actuarial work, ...
Albanese to Exit as New York’s Financial Regulator Before End of Year
The acting head of New York's Department of Financial Services will step down before the end of the year, giving New York Governor Andrew Cuomo a run at reshaping a regulator that has levied billions ...
Drone Makers Wary About National Registry Plans
Some drone industry representatives are reacting cautiously to plans by the Obama administration to combat a growing safety threat by requiring buyers to register their drones with the government. ...
Disclosing a CEO’s Illness: Was United Too Late?
After Oscar Munoz missed a summit with United Airlines union leaders, the carrier told employees that their new chief executive officer "was unable to attend." He had suffered a heart attack, a ...
Insurance Execs May Also Face U.K. ‘Duty of Responsibility’ Bank Rules
Executives at UK insurers, mortgage brokers and payday-loan companies will be covered by the same "duty of responsibility" as those in banks under legislation introduced in Parliament Thursday. The ...