Along with the winds, rain, and storm surges of Hurricane Katrina came a cacophony of voices urging Congress to adopt a catastrophic hurricane fund (CAT fund). A CAT fund, like the bankrupt and highly ...

On August 14, 2020, the National Association of Insurance Commissioners (NAIC) adopted a set of principles that will guide the work of insurers and entities, including data providers, that play an ...

Assessment of insurance supervisory systems in member countries began in 1999 under the joint Bank-Fund Financial Sector Assessment Program (FSAP). Evaluations are based on the observance of the ...

The regulatory framework for insurance supervision in the United Kingdom is sophisticated and the authorities are leaders in supervisory techniques. Observance with the Insurance Core Principles (ICPs ...

Cybersecurity insurance is a new insurance industry product that reflects the havoc wreaked by hacks, data breaches and phishing attempts, which have become bolder because cybersecurity extorting ...

Speed in claims settlement is not determined by insurers alone. It rests on a foundational principle of insurance: utmost ...