insurance regulation News
Regulators Say ‘Sandbox’ Approach May Work to Accommodate Tech-Driven Insurance Innovations
How should regulators address technology-driven insurance innovations that don't fit well under existing rules? A "regulatory sandbox" might be the way forward, a panel of regulators said at the ...
Carriers, Calif. Commissioner Battle Over Wildfire Bills
California Insurance Commissioner Dave Jones appears to be poised for a fight with the insurance industry over a legislative package supporters say will protect survivors of wildfires that struck ...
Insurers Handed Updated Disaster Response/Recovery Plan Requirements in New York
The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance companies licensed to conduct business in New York state. It ...
Bank of England Will Stay Vigilant in Enforcing EU Insurance Rules
The Bank of England will not "go soft" on enforcing European Union capital rules for insurers, although it will look at ways to make it easier for new entrants to boost competition in the industry, ...
Anbang Insurance Seized by Chinese Government; Founder Charged With Fraud
China's government seized temporary control of Anbang Insurance Group Co. and will prosecute founder Wu Xiaohui for alleged fraud, cementing the downfall of a politically-connected dealmaker whose ...
Global Regulators Rethinking How to Assist Risks in Large Insurers
Global regulators are rethinking how to assess risks in big insurance companies, marking a shift that could make life easier for the industry. The Financial Stability Board said on Tuesday it could ...
Global ‘Too Big to Fail’ Insurer Assessment Reportedly Going Away
Global financial regulators have decided to ditch a "too big to fail" gauge for assessing the riskiness of insurers, according to a source briefed on the matter, in a big win for companies such as ...
UK Regulator Launch Investigation of Wholesale Insurance Brokers
Britain's financial services industry regulator is to launch later this week a long-promised investigation into competition in the wholesale insurance broking market, where one top executive has ...