Regulation & Compliance
Industry On Track for Third Straight Underwriting Profit; 2016 a Closer Call
The property/casualty insurance industry will report an underwriting profit for the third consecutive year in 2015—a streak unmatched since the early 1970s, according to analysts at Fitch Ratings, ...
Berkshire Unit Preps to Selling Workers Comp, BOP Policies on the Web
Berkshire Hathaway Inc. won the top financial-strength rating from A.M. Best Co. for a unit that plans to sell insurance directly to businesses over the Internet, paving the way for Chairman Warren ...
Best, Worst States for Insurance Regulation
Vermont, Utah, Iowa, Virginia and Kentucky get an "A" and North Carolina an "F" in one think tank's annual grading of how states regulate the property/casualty insurance industry. The 2015 Insurance ...
19 Internal Capital Insurer Models Get BOE Nod for Solvency II Calculations
Prudential Plc, Aviva Plc and Legal & General Group Plc are among large U.K. insurers to win Bank of England approval of the models they use to calculate capital requirements under the European ...
A.M. Best Acts on BTG Pactual Resseguradora S.A. Ratings
A.M. Best has downgraded the issuer credit rating to "bbb" from "bbb+" and affirmed the financial strength rating of B++ (Good) of BTG Pactual Resseguradora S.A. (BTG Pactual Re) (Brazil). Both ...
Warning to U.S. P/C Insurers: Be Ready for a Disruptive, Transformative 2016
U.S. property/casualty insurers should expect disruptive changes in a number of areas in 2016, including technology, pricing, customer demand, and "heightened regulatory creep," EY said in a new ...
Cyber Attacks Becoming Significant Threat to Insurer Credit Quality: A.M. Best
Insurance rating agency A.M. Best still considers natural catastrophe losses to be the primary threat to the financial strength and credit quality of property/casualty insurers, but cyber-attack ...
AIG-Style Bailouts Restricted Under New Fed Rules
The Federal Reserve took the final step to ensure it can't repeat the extraordinary steps taken to rescue American International Group Inc. and Bear Stearns Cos. in 2008, adopting formal restrictions ...