Current Issue

Subscriber only, premium content. Thursday, June 30

P/C Legislation & Regulation Subscribe to RSS feed for 'Federal Legislation & Regulation'

State cracks down on Berkshire units over unregulated comp policies

By: Stephanie Goldberg

Published June 29, 2016 - 2:39pm CST

California insurance regulators have issued cease-and-desist orders to two Berkshire Hathaway-owned companies.

State proposes rule changes to workers comp experience rating plan

By: Stephanie Goldberg

Published June 29, 2016 - 12:07pm CST

California's workers comp rating bureau is seeking regulatory updates that could affect comp policy pricing for employers.

Property/casualty groups hail firm's removal from SIFI list but want more

By: Mark A. Hofmann

Published June 29, 2016 - 11:48am CST

Property/casualty insurance groups say they are pleased with the Financial Stability Oversight Council's decision to remove GE Capital Global Holdings L.L.C. from its list of “systemically important financial institutions.”

European insurance snapshot

Published June 24, 2016 - 2:14pm CST

The United Kingdom's vote to leave the European Union is expected to reverberate through the insurance markets.

British E.U. exit opens global regulatory uncertainties

By: Mark A. Hofmann

Published June 24, 2016 - 1:27pm CST

International insurance and reinsurance observers say the so-called Brexit vote presents challenges and opportunities for non-British underwriters.

5 things you need to know about 'Brexit'

Published June 24, 2016 - 12:40pm CST

Exit negotiations between British and E.U. officials, along with factors that could affect the London market, will need to be addressed.

SupercalifragilBREXIT ... !

Published June 24, 2016 - 11:56am CST

The winds of change have hit the United Kingdom on its vote to leave the European Union.

British vote to leave E.U. creates confusion for insurers

By: Mark A. Hofmann

Published June 24, 2016 - 9:23am CST

Some are concerned that Britain's exit vote could make it difficult for U.K. insurers to write business throughout the European Union.

Dodd, Frank blast ruling that MetLife not too big to fail

By: Thomson Reuters

Published June 24, 2016 - 7:46am CST

A ruling striking down MetLife's "too-big-to-fail" designation could undermine efforts to head off another financial crisis, lawmakers say.

Fosun seeks OK to spin off Ironshore in IPO

By: Rob Lenihan

Published June 23, 2016 - 2:26pm CST

Shanghai-based Fosun International says that it is seeking approval for an initial public offering of Bermuda-based Ironshore.

Private insurers could tip toe into flood market

By: Mark A. Hofmann

Published June 20, 2016 - 3:18pm CST

Don't expect a tsunami of underwriters to jump into the National Flood Insurance Program, a report says.

The BI Top 10

Published June 17, 2016 - 12:01am CST

Marsh severance benefits dispute and health savings account business exits are among Business Insurance's top 10 most read features.

OSHA weighs more involvement from comp insurers in safety efforts

By: Gloria Gonzalez

Published June 16, 2016 - 12:00pm CST

New electronic reporting rules and the public data they create will raise the stakes for loss control.

Tenn. insurance commissioner to serve as vice chair of international group

By: Mark A. Hofmann

Published June 16, 2016 - 11:16am CST

Tennessee Insurance Commissioner Julie Mix McPeak has been elected to serve as vice chair of the Basel, Switzerland-based International Association of Insurance Supervisors, the National Association of Insurance Commissioners announced Thursday.

New York Senate confirms Vullo as top financial regulator

By: Thomson Reuters

Published June 16, 2016 - 11:09am CST

(Reuters) — The New York State on Wednesday confirmed Gov. Andrew Cuomo's pick to become the state's top financial regulator.

Pull back on protectionism to reduce insurance costs

By: Gavin Souter

Published June 14, 2016 - 8:19am CST

International regulatory barriers add to the expense of providing insurance and reinsurance and need to be lowered, reinsurance executives say.

GOP call to end SIFIs raises question of who will mind the store

By: Mark A. Hofmann

Published June 13, 2016 - 3:34pm CST

The Financial CHOICE Act would replace the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Regulators rule quake insurance market 'noncompetitive'

By: Thomson Reuters

Published June 08, 2016 - 9:23am CST

(Reuters) — Oklahoma regulators faced with a surge in small earthquakes linked to oil and gas production ruled on Tuesday that the state's market for earthquake insurance was not competitive, saying prices charged to consumers were "excessive" after recent rate hikes.

French bank pays rogue trader for termination

By: Thomson Reuters

Published June 07, 2016 - 11:25am CST

(Reuters) — A "rogue trader" who cost French bank Societe Generale billions of euros in losses won a wrongful dismissal case on Tuesday.

Fed's proposed SIFI rules seen as a relief for insurers

By: Mark A. Hofmann

Published June 06, 2016 - 3:19pm CST

An expert says the proposal is a "pretty clear signal to the U.S. insurance industry that their worst fears will not be realized."

Property/casualty insurers applaud Fed's proposed SIFI rules

By: Mark A. Hofmann

Published June 06, 2016 - 9:55am CST

The Fed is considering two approaches for capital standards that could apply to companies such as AIG and Prudential.

Q&A: Thomas B. Considine, National Conference of Insurance Legislators

By: Stephanie Goldberg

Published June 05, 2016 - 12:01am CST

Thomas B. Considine became CEO of the National Conference of Insurance Legislators on Jan. 1. Based in Manasquan, New Jersey, the organization helps inform legislators on insurance issues. Mr. Considine began his career as a lawyer before joining MetLife Inc.'s government relations team. He held various positions during his 17 years at the insurer, including head of national government relations...

Greenberg reviews options after court sends AIG fraud case to trial

By: Mark A. Hofmann

Published June 02, 2016 - 2:47pm CST

The former AIG CEO is accused of being part of a scheme more than a decade ago to inflate AIG's loss reserves.

Former AIG chief Greenberg must face fraud trial

By: Thomson Reuters

Published June 02, 2016 - 10:18am CST

(Reuters) — Former American International Group Inc. CEO Maurice R. Greenberg must face a fraud trial over transactions at the insurer, New York's highest court ruled on Thursday.

AIG must face Pimco lawsuit over financial crisis losses

By: Thomson Reuters

Published June 02, 2016 - 8:43am CST

AIG failed to persuade a judge to dismiss claims the company lied about its subprime mortgage exposure prior to the 2008 financial crisis.

More »