Regulation and compliance
Regulation and compliance
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In testimony on Capitol Hill, industry says the use of credit scores vital for underwriting.
May 14 -
Lack of communication, persistence of silos among the factors hampering risk management at an enterprisewide level.
May 11 -
As legislators craft reform measures for the financial services industry, insurers are asking to be excluded from funding a bailout mechanism for systemically risky companies.
May 10 -
Sale of common stock and senior notes have brought the mortgage insurer back into compliance with the risk-to-capital ratio and minimum policyholders' position requirements.
May 5 -
Sircon for Carriers is designed to streamline a producers lifecycle process by automating the licensing and appointing, producer compliance management and agent on-boarding aspects.
May 4 -
INN announces a call for nominations for the 2010 Women in Insurance Leadership program.
May 3 -
With data exchange standards and technology maturing, the focus is moving toward implementation, architecture and advocacy.
May 1 -
While much of the focus of the regulatory front has focused on Capitol Hill, insurers are engaging in some pitched battles at the state level.
May 1 -
The seeming over-abundance of accolades can obscure real business accomplishments.
May 1 -
As the number of claims mount, insurers are in a scramble to manage risk management issues surrounding property/casualty coverage of faulty Chinese drywall. Yesterday, Louisiana became the first state to openly challenge insurers, passing a bill stopping insurers from increasing premiums or canceling homeowners and commercial property coverage because of such claims.
April 29 -
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.
April 28 -
Perhaps this isn't surprising, as smaller firms have a lot more to lose if they have fraudulent accounts in their midst.
April 28 -
The National Flood Insurance program, which has limped along on a series of temporary extensions, may be due for a more substantial resolution.
April 28 -
The two companies announced a partnership to couple DocuSigns signature technology with iPipelines e-Policy Solution.
April 23 -
The advisory organization says this is the industry's first standardized plan for rating homeowners insurance by individual perils.
April 22 -
Planned acquisition of compliance specialist firm will pay dividends in an industry sharply focused on complying.
April 22 -
Industry weighs in as legislators seek long-term fix to the troubled National Flood Insurance Plan.
April 21 -
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.
April 20 -
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.
April 19 -
After more than 100 hours of interviews with insurance execs, SMA unearthed 10 common initiatives regarding market recovery and future changes.
April 14
