Risk

A new study reveals that insurers paid out $52.5 billion in global property claims.

In testimony before Senate, Illinois insurance director says state regulators are capable of addressing systemic risk.

Senators Shelby and Dodd raised concerns over insufficient state oversight at a Senate Banking Committee hearing on Tuesday.

The “state of the regulators’ report uses seafaring metaphors in describing the group’s progress in 2008, and updates the public on its membership and financials.

Service intended to help insurers take proactive approach to risk to minimize loss on properties in foreclosure.

Service intended to help insurers take proactive approach to risk to minimize loss on properties in foreclosure.

The Obama Administration’s plan to reform oversight of financial services will emerge before March 26, says Treasury Secretary.

Vendor teams with Symantec to deliver comprehensive solution and a customizable service that supports data-related regulatory compliance requirements.

The future of the general liability insurance market will play itself out between the cumulative effects of small to moderate losses and the rising prospect of mega-risks, according to Conning Research & Consulting.

Thomas Wilson says a federal insurance charter to cover the insurance industry could lower administrative costs and improve access to new and innovative products.

Differing visions of a regulatory structure for insurance will likely be reconciled in coming months.

Rick Heil will be responsible for the strategy and development of the association’s straight-through processing standards initiative message standards.

Rep. Barney Frank says separate federal charter for life insurers under consideration.

The bill would include coverage for wind damage in coastal regions, but critics say the legislation includes unintended negative consequences.

The life insurer will use products designed to enable portfolio replication to calculate enterprisewide economic capital across its asset and liability portfolios.

Bill sponsor says legislation may include mandatory charter for “systemically significant” companies.

Association representing property/casualty insurers says creating a systemic risk regulator is a good idea.

As builders increasingly incorporate sustainability into construction projects, insurers need to be aware of the risk implications.

The goal is for every regulated financial institution to provide loss-event and tail data to regulatory authorities via an XBRL-based risk taxonomy.

Privately funded StoneRiver comprises insurance, flood services, pharmacy, marketing and regulatory compliance divisions.