Security risk

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.

Minnesota Department of Commerce finds agents’ dismissal for failing to achieve sales quota violates state laws.

Cognizant, a provider of IT, consulting and business process outsourcing services, and XL Group, a global P&C, professional and specialty insurer, announced a mobile-enabled risk-engineering platform for Global Asset Protection Services (GAPS), XL Group’s property loss prevention services business.

Aetna, Empire BlueCross BlueShield and 15 other insurers set to participate in New York’s Health Benefits Exchange.

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.

New capabilities designed to enable an improved view of risk, regulatory requirements, and assist companies in investment decision-making.

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.

Despite recent crash of Asiana B777 aircraft, rating levels continue to decline and premium levels are down 5 percent on the year.

Clients and brokers are being provided with access to ACE's platform for electronic delivery of policies.

Continued pressure on underwriting results and a low interest rate environment motivated underwriting management to seek these higher rates, according to the “2013 RIMS Benchmark Survey.”

Cost cutting no longer top concern; IT infrastructure and analytics lead investment areas, while interest in M&A declined, according to new KPMG survey.

In finalizing the designations, the council expanded upon the reasons why these two companies were selected.

While the overall number of big data initiatives is still relatively small, the majority are centered on modeling, according to a new Novarica report.

Despite catastrophe losses of $20 billion in the first half of this year, reinsurance market rates on line (ROLs) continue to be driven by an influx of capital from third-party investors at the July 1 renewals, according to a report from Guy Carpenter & Co. LLC, a global risk and reinsurance specialist.

The council now has 30 days to schedule a hearing, according to the insurer.

Delaying the health insurance employer mandate mostly affects employers, experts say; health insurers continue to focus on exchanges.

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.

Declining U.S. property rates and reinsurers' desire to maintain their market positions is spilling over into other classes, according to a report from Willis Re.

P&C impairments see significant drop from the 34 reported for 2011; however, auto writers and risk retention groups continued to struggle, according to recent A.M. Best report.

Florida Commission certifies AIR’s latest models for residential and commercial residential properties in the state.