Compliance

The New York State Department of Financial Services’ recent statements calling out other state regulators and the National Association of Insurance Commissioners could adversely affect life insurer ratings, according to Fitch.

Pooja Rahman hired to develop positions influencing policymakers’ decisions.

Part of the reform measures place limits on the cost of force-placed flood insurance bought by banks.

Transparency could have many effects, including competitive intelligence and, as a result, aggressive pricing.

The services and solution are intended to automate and streamline the insurer’s administrative processes on New York’s exchange.

New version of Financial Crime Risk Management platform is designed to support automated generation of suspicious activity reports.

Late next year, the International Association of Insurance Supervisors will implement capital rules for the insurers deemed systemically important, currently including MetLife, Prudential, Axa, AIG and Allianz.

Wolters Kluwer’s annual list of compliance issues for both P&C and life/health insurers highlight the difficulty of keeping up with regulatory changes for claims, underwriting and distribution processes.

The amount and qualification requirements of the coverage adjusted to meet 2014 regulations.

The strategies of insurers like UnitedHealth Group and WellPoint are under the microscope as data from four of the five largest U.S. states is collected by SNL Financial Group.

Most midsize commercial insurers rank regulatory compliance as a top-three strategic priority for their companies, according to a new survey.

Many executives do, however, see exchanges either as a necessary change or an opportunity for growth.

The insurer said it is looking to improve in many areas, including claims processes, customer experience and compliance.

With only seven days to go until October 1 and the official launch of the new public health insurance exchanges, a number of questions loom large. The biggest, by far, is would a government shutdown threatened by congressional Republicans also shut down the exchanges.

According to Fitch Ratings, the company’s U.S. life insurance subsidiaries currently maintain capital levels in excess of regulatory minimums.

Upgrades to the risk monitoring software are designed to strengthen investment compliance checks and provide users with an improved interface.

For the previous two reauthorizations, Congress waited until the last minute to approve. After yesterday’s hearing, it looks like 2013 will bring more of the same.

New survey reveals optimism that the exchange format will create an environment with the best options, regardless of which carriers are present.

Senate Banking Committee will examine the effects of the Biggert-Waters Flood Insurance Act of 2012, which eliminated grandfather clauses that prevented premiums from rising for some properties.

In comments submitted to the Presidents Working Group, the American Insurance Association says terrorism is an uninsurable risk and requires partnership with the government.