We've given the industry, including the insurers immediately affected, an opportunity to sound off on the FSB's designation of G-SIIs, and on how the IAIS plans to develop new capital requirements for this group.

Developer Larry Silverstein cannot recover billions of dollars from airlines over the Sept. 11, 2001, destruction of the World Trade Center in New York because insurers have already compensated his company, a federal judge ruled on Thursday.

Maturing analytics tools and the recognition of the value in big data have created the perfect storm for insurers when it comes to enabling and leveraging business hindsight, insight, and foresight.

Top insurers will soon have to hold more capital to cover risks they pose to the financial system should they go bust, global regulators said.