Regulation & Compliance
Target Will Not Face SEC Enforcement Action Over Data Breach
The U.S. Securities and Exchange Commission won't pursue an enforcement action against Target Corp. after hackers stole data on 40 million credit and debit cards during the 2013 holiday shopping ...
S&P, Fitch Differ on Whether Reinsurance Price Declines Are Moderating
Two of the P/C industry's ratings entities – Fitch and Standard & Poor's – differ as to whether they see a moderation of ongoing reinsurance price declines. Fitch sees the downward trend ...
S&P: Reinsurance M&A Will Follow Berkshire Hathaway Model
Reinsurance M&A activity should continue well into 2016 as competitive pressures continue unabated, Standard & Poor's asserted in a new industry report. The ratings entity said that the ...
Fitch: U.S. P/C Insurer Results Mostly Unchanged in First-Half 2015
U.S. property/casualty insurers' operating performance remained largely unchanged in the first half of 2015 compared to the same period a year prior, with $25.5 billion in aggregate operating ...
A.M. Best: China Explosion Insurer Costs Remain in Flux
Some industry watchers are trying to tally carrier claims costs following an Aug. 12 explosion at a key China port. A.M. Best cautions, however, that plenty of variables remain. Among them: the mass ...
Auto Insurers Risk ‘Credit Negative’ Label As Traffic Injuries Rise: Moody’s
With signs pointing to an ongoing rise in U.S. traffic injuries and deaths during the first six months of 2015, Moody's is warning that the trend is credit negative for auto insurers. Moody's ...
P/C Insurers Blocking Their Own Roads to Innovation
Property/casualty insurers face a number of external obstacles on the road to delivering more innovative products and reimagining their operations, but the ones that really get in the way come from ...
FDIC Sues 3 U.S. Banks Over Shoddy Residential Mortgage-Backed Securities
The FDIC, a U.S. bank regulator, has sued three large U.S. banks to recoup some of the more than $695 million it lost from selling shoddy residential mortgage-backed securities once owned by a Texas ...