Regulation
Over two thirds back Government insurance plan
AA survey finds majority back plans to introduce offense of driving without insurance.
Canada reinsurance prices said to be surging
Reinsurance prices are moving upwards in Canada thanks to a change in catastrophe models, Reinsurance has learned.
QBE sued for bad faith claims handling
QBE is being sued for over $500m in Miami for bad faith claims handling practices
NAIC lends support to federal insurance regulator
The National Association of Insurance Commissioners supports changes to proposed legislation to create a Federal Insurance Office in the US.
Munich Re expects Solvency II sales boost
Munich Re expects a sales boost 2011/2 as Solvency II forces primary insurers to buy more reinsurance cover
ABI welcomes flood bill
Bill spells good news for homeowners
Councils gain more powers to manage floods
Flood and Water Management Bill published today
FHA may collapse as US struggles with recession
The Federal Housing Administration may collapse and thousands of regional banks may go under as the US continues to struggle with recession, sources attending a US conference have told Reinsurance.
Woolf issues contingency fees warning
Move to US-style fee structure could "destroy professional standards"
UK takaful insurer into run-off reveals Post
The self-proclaimed first Shariah-compliant general insurer in the UK, Salaam Halal Insurance, has gone into solvent run-off, Post Magazine revealed exclusively this week.
Raising the roof
Sakate Khaitan details the delay behind Indian insurance market reform, rising regulatory requirements and future prospects for growth.
Fed should have forced banks to take less for AIG swaps
The Federal Reserve should have used its leverage to force banks to take less than AIG's credit default swaps were worth.
ABI calls for government engagement
Acting director general Maggie Craig responds to Queen's speech
Government outlines plans for financial reform
Proposals include new Statutory Council for Financial Stability and plans to strengthen the FSA.
Scor to appeal Spanish fine
French (re)insurer to appeal fine against it from Spainish regulators
Increased regulation poses danger for reinsurers
A panel at the Fitch Ratings Insurance Roadshow noted that increased regulation off the back of the financial crisis could adversely effect reinsurers but may also offer opportunities.