Compliance

The Independent Insurance Agents & Brokers of New York says it will not “sit back idly and let the department impose an unnecessary rule that will only serve to add another time-consuming and costly requirement for our members.”

Sen. Bob Corker, like Sen. Shelby, opposes letting consumer protections trump safety and soundness, and objects to creating a separate protection agency.

Priorities through 2012 include a focus on underwriting discipline, risk management and gearing up for Solvency II.

The Property Casualty Insurers Association of America and the Insurance Information Institute were among the organizations urging reform.

Experts say the best way to address systemic risk is by providing the regulatory community with direct access to a database that contains all firms’ networks of financial information.

Lawmakers set to unveil bill that will strip some insurers of protections enjoyed under McCarran–Ferguson Act.

Both federal and state governments are looking to crack down on unsafe practices.

A panel of four C-level insurance executives agree: the economic crisis has changed the competitive landscape. Just what they intend to do about it is another matter.

Statements made last week during congressional testimony rekindle debate about insurance regulation.

TARP-driven BI discourages behavior that focuses on short-term results at the expense of value creation and innovation in the long run.

Emerging relatively unscathed in 2009, insurers may face additional regulatory challenges in 2010.

After endorsing Obama's financial reform plan, critics call Geithner out for flip-flopping on backing a return to the Glass-Steagall Act.

The analyst firm recognized 28 insurers in eight different categories, and named Missouri Employers Mutual its Model Insurer of the Year.

While Obama's proposal doesn't prevent banks from underwriting securities, among other things, critics say it's strongly headed in that direction.

Actions by French insurers could trigger new rounds of discussions and delay the effective implementation of the Solvency II directive.

In a letter to legislators, association claims provision in health reform legislation will lead to rising premiums.

National Crop Insurance Services says declining funding to USDA program would shrink number of private companies offering crop insurance.

New CCHIT standards for electronic health records in 2011 could affect health insurers.

The ambiguity surrounding the Obama Administration's proposed Financial Crisis Responsibility Fee is causing insurers consternation.

Health insurer Harvard Pilgrim Health Care Inc. will develop a pilot of the Food and Drug Administration's Sentinel System to better monitor the safety of regulated medical products. The one-year contract with four renewable years is worth a total of $72 million.