Risk Management

Florida Insurance Commissioner Kevin McCarty has approved another round of take-outs from the states bloated insurer of last resort.

Ahead of a comment-period deadline, almost two dozen members of the Senate from both sides of the aisle sent a letter to the top federal-banking regulators warning them that the application of a bank-centric capital regime to the insurance industry would fundamentally alter the nature of the business, undermine prudential...

Reinsurers should take into account the fact that climate change has boosted natural catastrophes when they price weather disaster insurance, insurer Munich Re said.

Companies facing the upcoming ORSA may consider using the NAIC Risk Based Capital measure to meet the assessments requirementsbut the RBC has limitations.

U.S. taxpayers could pay a record $15 billion to subsidize the privately run crop insurance program this year, double the recent cost due to devastating drought in the Farm Belt, say an array of agricultural economists.

Hurricane Paul weakened as it closed in on a sparsely populated area of Mexico's Baja peninsula on Tuesday, while Hurricane Rafael was expected to miss Bermuda in the Atlantic, the U.S. National Hurricane Center said.

Insurers voice opinions on the Model Act so regulators can review reporting requirements prior to the implementation deadline. What are they saying?

For the International Association of Insurance Supervisors, achieving globally acceptable principals for insurance supervision continues to be a work in progress, but members say they are closer than theyve ever been to realizing that goal.