Regulation
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.
RSA and WWF form new alliance
RSA pushes environmental responsibility further up the agenda
Treasury concerned by "over-hasty" pace of financial regulation
Committee chairman John McFall describes EC plan as "recipe for a muddle".
MMC in $400m settlement
MMC reaches settlement for securities class action lawsuit
Spain fines (re)insurers for price-fixing
Spanish regulators have fined six European (re)insurance companies a total of €120.7m ($180m) for fixing prices on building-defect coverage during the Spanish housing boom.
Equitas wins legal battle over Lloyd's claims
Randall & Quilter to consider next step
Rough justice or a victory for freedom?
A European ruling on group actions looks set to change the legal expenses landscape. Leigh Jackson looks at the ramifications for insurers in the UK.