September 25, 2019 | Hurricane Dorian made landfall as a Category 5 in the Bahamas, becoming one of the strongest storms which resulted in loss of life and physical devastation. Dorian generated less U.S. destruction than initially feared, and insured losses in the Bahamas should be well below total damages given gaps in coverage . . .
September 12, 2019 | Conservative Prime Minister Boris Johnson’s “no deal” plan to leave the EU by October 31 has been blocked by opposition-led legislation to make way for a 3-month extension, which needs full EU approval. Mr. Johnson now leads a minority government given party defections and dismissals. What likely lies ahead . . .
August 21, 2019 | Contentious policy-making views between Italy’s two coalition parties ― right-wing, anti-immigration League and left-leaning Five Star Movement (M5S) ― have persisted since the populist government formed over a year ago. League Deputy Prime Minister Matteo Salvini’s move to quit the coalition . . .
July 1, 2019 | The 2019 DFAST and CCAR analyses by US bank regulators have demonstrated, once again, the financial strength of large US banks. The Federal Reserve Vice Chair for Supervision stated, “The stress tests have confirmed that the largest banks are both well capitalized and place a high priority on strong capital planning processes . . .
March 18, 2019 | US life insurance GAAP (Generally Accepted Accounting Principles) changes are expected as early as 2021. The reforms focus on long-duration contracts such as life insurance, disability, long-term care and annuities . . .
March 12, 2019 | Several prominent European banks ― such as Danske Bank in Denmark ― have been accused of having inadequate systems to detect and report suspicious activity potentially related to money laundering . . .
