regulation News
New Capital Rules Poised to Transform Kenya’s Insurance Industry
A push by Kenyan regulators to clean up the East African country's insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according ...
Airbnb Seen as Winning Legal Battle Against Hometown San Francisco
San Francisco has picked a fight with Airbnb that it probably can't win. On Monday, the home-rental business filed a lawsuit against its hometown, saying that San Francisco's attempt to get Airbnb to ...
Earthquake Insurance Rate Spikes Worry Oklahoma Regulators
Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on Tuesday they were concerned with spiking rates for earthquake ...
From the Web: More Companies Accentuate the Positive Instead of GAAP Results
Companies are increasingly accentuating the positive elements in their financial results, and trying to downplay the less flattering numbers. As the New York Times reports, regulators still require ...
Scott Fischer Named as New York’s Top Insurance Watchdog
New York's financial regulator promoted Scott Fischer to be the state's top insurance watchdog, a position that involves overseeing about 1,700 companies with more than $4 trillion of assets. ...
Google, Apple, Microsoft, Amazon Back EPA in Climate Rule Lawsuit
Technology companies Google, Apple, Microsoft and Amazon on Friday declared support for the Obama administration in a lawsuit facing its central plan to combat climate change, saying the rule is ...
The Hartford CEO Swift to Become Next AIA Chairman
The Hartford Chairman and CEO Christopher Swift is taking on a primary leadership role with one of the property/casualty industry's main lobbying groups. Swift is slated to become chairman of the ...
Covered Agreement Negotiations Begin, with High Expectations
The U.S. and The European Commission have launched negotiations with an eye toward a "covered agreement" on insurance and reinsurance matters. Representatives from the U.S. and EU met formally ...