The following a statement by Senator Susan Collins, a former state insurance regulator, in testimony before the Subcommittee on Financial Institutions and Consumer Protection today on capital requirements for insurance companies. She has authored an amendment to the Dodd-Frank Act …
Tower Group International Ltd. said it has received a notification letter from The NASDAQ Listing Qualification Department on March 5, 2014, stating that the company is not in compliance with the continued listing requirements. Tower fell out of compliance because …
State and local governments in North Carolina could use unmanned aircraft for law enforcement, hurricane recovery and monitoring wildlife, a new state report suggests. While the report issued by State Chief Information Officer Chris Estes concludes that governments in the …
Leading up to a midnight deadline, West Virginia lawmakers scrambled Saturday to give teachers raises and hike the minimum wage. A Jan. 9 chemical spill into the water supply loomed over the session, which began three days before 300,000 people …
AXA ART announced the appointment of Kai Kuklinski as the new global CEO of the company’s operations, effective April 1, 2014, succeeding Dr. Ulrich Guntram. The appointment is subject to the approval of the German regulatory authorities. Jacques de Vaucleroy, …
The New York Post lost its bid to throw out a defamation lawsuit by two men whose photo and the headline “BAG MEN” appeared on the tabloid’s front page last year during the manhunt for the Boston Marathon bombers. Suffolk …
Commercial insurance prices have risen for 12 straight quarters, including the latest jump of 5 percent in aggregate during fourth-quarter 2013. But price gains are slowing down, according to Towers Watson. The global professional services company published the fourth-quarter update …
Six U.S. mortgage insurers, including units of Radian Group Inc. and Genworth Financial Inc., formed a lobbying association to push for a broader role for the industry in a revamped housing-finance system. The organization, U.S. Mortgage Insurers, will work to …
Malaysia’s military believes it tracked a missing jetliner by radar over the Strait of Malacca, far from where it last made contact with civilian air traffic control off the country’s east coast, a military source told Reuters. In one of …
Insurance companies will urge U.S. lawmakers today to stop the Federal Reserve from imposing bank- like capital standards on their industry. A provision of the 2010 Dodd-Frank Act that overhauled U.S. financial regulation requires the Fed to set minimum capital …
