Regulation and compliance
Regulation and compliance
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Insurers included on the Financial Stability Board's list of global systemically important insurers (G-SIIs) could see a modest improvement in their credit profiles due to the higher risk and capital management standards imposed on them, according to Fitch Ratings.
July 22 -
American International Group Inc. and Allianz SE are among insurers deemed systemically important by global financial rule makers, meaning they may face tougher capital standards and tighter regulation.
July 19 -
Minnesota Department of Commerce finds agents dismissal for failing to achieve sales quota violates state laws.
July 18 -
Aetna, Empire BlueCross BlueShield and 15 other insurers set to participate in New Yorks Health Benefits Exchange.
July 17 -
The decision announced last week by the Financial Conduct Authority (FCA) to conduct a market study of add-on financial products is raising one or two eyebrows within the industry.
July 16 -
New capabilities designed to enable an improved view of risk, regulatory requirements, and assist companies in investment decision-making.
July 16 -
Sixty-eight percent of financial services firms say that their industry is now riskier or just as risky as it was in 2007, according to the 2013 Makovsky Wall Street Reputation Study, which was conducted by Echo Research.
July 15 -
Cost cutting no longer top concern; IT infrastructure and analytics lead investment areas, while interest in M&A declined, according to new KPMG survey.
July 10 -
In finalizing the designations, the council expanded upon the reasons why these two companies were selected.
July 10 -
The council now has 30 days to schedule a hearing, according to the insurer.
July 3 -
Delaying the health insurance employer mandate mostly affects employers, experts say; health insurers continue to focus on exchanges.
July 3 -
The White House on the evening of July 2, in a blog posting from Valerie Jarrett, senior advisor to the President, announced it will suspend for one year reporting requirements in 2014 for larger employers to demonstrate compliance with a mandate to offer employees health insurance coverage, and not enforce financial penalties for larger employers that fail to comply until 2015, one year later than authorized in the Affordable Care Act.
July 2 -
Florida Commission certifies AIRs latest models for residential and commercial residential properties in the state.
June 25 -
Surveys from Towers Watson and IIS describe global insurance executives concerns and find much consistency across nations.
June 19 -
The insurer's vice chairman responds directly to a regulator's claim that insurers use captives to alleviate capital requirements.
June 19 -
State insurance regulators were among those who attended a private meeting hosted by the Federal Housing Finance Agency about alleged kickbacks and price gouging.
June 17 -
FIO emphasizes global responsibilities and opportunity for growth.
June 13 -
Comply solution designed to enable insurers to manage risk by automating regulatory change management processes.
June 13 -
Board members should raise nine critical questions when discussing technology strategy with IT and business managers.
June 12 -
SmartAdvisor designed to simplify medical reporting for meeting state compliance requirements.
June 6