Bank of England tells insurers to check capital as U.S. risks grow
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LONDON (Reuters) - The Bank of England warned on Tuesday it will crack down on insurers that are overly optimistic about how much capital they need to cover growing risks from the United States and elsewhere.Gareth Truran, acting director for insurance supervision at the Bank's Prudential Regulation Authority, said the risk of reserving "deficiencies" was increasing in a sector that may be "optimistic" about its outlook.He singled out specialty classes offered by Lloyd's of London and other..