Compliance

Although efforts are underway to harmonize certain areas of insurance regulation, such as solvency margins and the regulation of control and management, until there is overall harmonization of international insurance laws, sellers, producers and buyers of multinational programs face certain challenges. So says Suresh Krishnan, general counsel, Multinational Client Group at the ACE Group of insurance and reinsurance companies, in a new report. The challenges, says Krishnan, involve making sure companies are not inadvertently assuming risks under local insurance and tax laws in the various jurisdictions implicated by their programs.

Perhaps this isn't surprising, as smaller firms have a lot more to lose if they have fraudulent accounts in their midst.

The National Flood Insurance program, which has limped along on a series of temporary extensions, may be due for a more substantial resolution.

The two companies announced a partnership to couple DocuSign’s signature technology with iPipeline’s e-Policy Solution.

The advisory organization says this is the industry's first standardized plan for rating homeowners insurance by individual perils.

Planned acquisition of compliance specialist firm will pay dividends in an industry sharply focused on complying.

Industry weighs in as legislators seek long-term fix to the troubled National Flood Insurance Plan.

AIG may pursue Goldman Sachs on losses from $6 billion of insurance deals similar to those that prompted the SEC's recent fraud charges against the bank.

New York City agents vote to bring suit over compensation rules, arguing that the rules should apply to the time of sale, “not when quoting the account.”

After more than 100 hours of interviews with insurance execs, SMA unearthed 10 common initiatives regarding market recovery and future changes.

Messaging and e-mail are the best starting points for insurers, experts say.

State-by-state variances factor large in latest analysis of P&C insurer performance.

A federal court says the FCC has no authority to regulate broadband Internet providers, but a free-market will still create opportunities.

Association says flexible approach suggested by European regulators augurs well for U.S. insurers.

Gartner lists technologies that will challenge business processes, support new business models and drive revenue growth.

IASB chief says 2011 completion goal is within reach.

But will the stimulus be enough to boost adoption of costly electronic and personal health records?

The 401k market has been exposed, and insurers that can't compete in this new transparent world will exit the business.

ING will voluntarily register the annuity with the SEC in anticipation of Rule 151A.

As a trillion-dollar industry managed by political cronies and policed by the IRS, government-run health care is a series of problems waiting to happen.