S&P Global MarketIntelligence offers our top picks of insurance news stories and more publishedthroughout the week.
Risk & Regulation
andAmerican International GroupInc., both deemed as systemically important financial institutions,took aim at liquidityrules proposed in early June by the Federal Reserve Board as part of itsproposed rulemaking.
Professionalsacross the financial advisory space view the Conflict of Interest Rule ascorrecting unethical practices and benefiting consumers — but that view is farfrom universal, according to a survey by S&P Global Market Intelligence.
Life and health
and have been accusing eachother of violatingtheir merger agreement, the Justice Department said in a court filing,according to The New York Times'DealBook.
Oregon's AffordableCare Act health exchange for 2017, the PortlandBusiness Journal reported.
Coloradowill see premiums increase 20.4% on average for individual plans and 2.1%on average for small group health insurance in 2017, the state's insurancedivision said.
P&C
will considerstrategic acquisitions even as it continues to address challengesassociated with its last deal. Deals the company might consider include newspecialized niche targets, transactions that leverage scale in its life operations,and bolt-on opportunities in the preferred personal lines and nonstandard autobusinesses.
receivedan extension for the submission of its statutory statement for the secondquarter, and the results the company posted for that period have a on at least onekey aspect of property and casualty industry financials.
Myriadchallenges confront small property and casualty carriers in the currentenvironment, and the recent decision by Hannahstown Mutual Insurance Co. to voluntarilysurrender itscertificate of authority after 156 years in business highlights at least one ofthem.
RandolphHein, president of W. R. BerkleyCorp.'s newly formed division Berkley Transactional, discussed withS&P Global Market Intelligence the growth trend for transaction underwriting and the goalsfor his division.
Industryinsured losses from the Louisianaflooding are estimated to range from $8.5 billion to $11 billion,according to AIR Worldwide.
Catastropherisk management firm RMS expects insured losses related to wind and coastalflooding from HurricaneHermine to be below $400 million.
FloridaInsurance Commissioner David Altmaier said claims related to Hurricane Hermine are estimated tocost the state's property insurance industry approximately $80 million, The News Herald reported.
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