Tag: insurance regulations

Zenefits under investigation by California insurance regulators

G. Turner
insurance companies investigation

The software company has now had its business practices called into question and officials will be examining them. Zenefits, a software company, is now facing an investigation by California insurance department officials, as the firm’s business practices have been called into question. The California Department of Insurance released a statement with regards to the investigation that launched last year. While the California insurance officials have only just recently announced that they are looking into Zenefits and the way it conducts its business, it also stated that its efforts started back…

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Will new U.K. insurance regulations limit industry competition?

H. Cutner
UK Insurance regulations

Insurers and consumers across the United Kingdom are wondering if new rules will spike prices. The U.K. government and industry regulators have now begun a new move to help to make changes to the insurance regulations that are currently in place through the Solvency II regime. The reason is that the government and insurance regulators are worried about a less competitive market. Recently, submissions were made to the European Commission, the Bank of England, and the Treasury in order to underscore the insurance regulations they are seeking to change. Within…

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Obama administration makes insurance news with EU agreement negotiations

G. Turner
europe insurance news industry

The U.S. Treasury and U.S. Trade Representative have said they plan to work for a covered agreement. The insurance news announcement has now been made that the U.S. Treasury and the U.S. Trade Representative intend to enter into negotiations with the European Union over a covered agreement regarding insurance. The goal of these negotiations will be to “level the regulatory playing field for U.S-based insurers and reinsurers.” E.U. insurance companies and industry regulators have been expressing frustration with regards to the American reinsurance collateral requirements. The issue at the center…

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European insurance industry feels the pressure of new capital rules

Marc
Europe insurance industry Flooding and Heavy Rains

Insurers are facing stricter capital rules that may prove difficult to comply with The European insurance industry may be in for a shock from revised capital rules that will take effect in January 2016. ASR Nederland N.V., a Dutch insurance provider, announced last week that its available capital fell drastically below the standard imposed by the new rules. Other companies have reported similar issues, which may show that the European insurance industry is relatively ill-prepared to comply with the new rules once they go into effect. Insurers may be forced…

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Insurance news made as almost 3 in 4 women see gender equality progress in industry

Julie Campbell
women in insurance news gender equality

A recent study has shown that 72 percent feel that insurers are headed in the right direction. According to the insurance news making findings from the Women in Insurance Global Conference, 72 percent of women within the industry feel that insurers are making progress toward the goal of achieving gender equality. Two out of every three claim that they have seen efforts made within their own insurance companies. These were the findings from the conference, which was hosted by the Insurance Industry Charitable Foundation (IICF). The insurance news came from…

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