A change to the list of globally systemically important insurers (G-SIIs) suggests the potential for being added to or removed from the list could play a significant role in setting strategy for some major insurers, according to Fitch Ratings. The …
Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., has been added to a list of insurers deemed systemically important by global financial rule makers, while Italy’s Assicurazioni Generali SpA was removed. The updated list of nine too-big-to-fail insurers …
A Minnesota power plant fueled by turkey litter flopped and fell into receivership even before a virulent form of bird flu shook the Midwest’s poultry industry in recent months, yet its new managers say they’re confident they can keep it …
A report on the insurance industry released Wednesday shows “a profound lack of preparedness in addressing climate-related risks and opportunities.” Insurance industry representatives immediately criticized the report as a negative take on the industry’s ability to adapt and not reflective …
American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid taking a bailout in a future crisis. AIG, the insurer that repaid a U.S. rescue in 2012, and Prudential, which …
Prudential Financial Inc. agreed to dismiss its claims that Goldman Sachs Group Inc. engaged in fraud and racketeering in selling $375 million of residential mortgage-backed securities, a court order shows. U.S. District Judge Susan Wigenton signed a dismissal order yesterday …
Federal regulators may miss important threats to the financial stability of U.S. insurers by focusing on bank risks, MetLife Inc. Chief Financial Officer John Hele said. “Bank rules overlook key insurance risks,” Hele said today at a conference in New …
The world’s top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and ghosts from the nation’s political past. Prudential Plc, AIA Group Ltd and Manulife Financial Corp. are among the global insurance giants …
New Hampshire insurance officials are announcing a $17 million settlement reached by seven states and Prudential Insurance over the company’s use of the federal government’s master death files. New Hampshire was one of seven lead states that investigated Prudential’s use …
A former Baton Rouge, La., man who once faked his death to elude authorities must remain in custody until more hearings in his case. The Advocate reports that Milton Windsor Harris appeared before U.S. Magistrate Christine Noland in Baton Rouge. …
