Ceding companies using alien reinsurers will be met with higher capital charges in the Standard & Poor's rating model if collateral requirements go away, said Steven Dreyer, managing director and
Approval for a Reinsurance Task Force study, with a report expected by year's end, came yesterday from the National Association of Insurance Commissioners Executive Committee at the NAIC spring meetin
Orlando, Fla.--U.S. insurers and reinsurers with operations in the European Union will need to conform to new solvency standards that should be in place by 2010, a top EU regulator has told the Nationa
Federal legislation modernizing the insurance industry's oversight system and calling for an end to rate regulation will once again be introduced this spring in the House and Senate, although neither
They revealed that time table at the Third Annual Insurance Summit, held today in Washington. However, all those participating in the Summit voiced doubt that action on such legislation could occur
Washington--Legislation modernizing the federal regulatory system and calling for the end of rate regulation will be introduced this spring in both the House and Senate, congressional committee staff s
The American Insurance Association has opposed the backstop fund plan from the outset, while the two other property-casualty trade groups have so far remained silent on the issue while a consensus is
NAIC said it will present results of new consumer research on insurance issues at the event as well as previewing the campaign's new public service announcement on fighting fake insurance and putting
In a Securities & Exchange Commission filing Monday, the New York-based insurer, which recently agreed to a $1.64 billion settlement with New York Attorney General Eliot Spitzer and other regulators o
Maine Superintendent of Insurance Alessandro Iuppa said the issue was thoroughly discussed at the annual commissioners' retreat earlier this month, where a number of European regulators were also pres