The California Department of Insurance announced today, June 29, 2016, that two Berkshire Hathaway companies–the California Insurance Company (“CIC”) and Applied Underwriters Captive Risk...
Category: National Insurance Regulation News and Updates
Three Ohio regulations relating to property and casualty insurance are among those open for comment until July 12, 2016 as part of a five-year regulatory review, the Ohio Department of Insurance reminded today,...
Note: Hyperlinks to the attendant documents have been corrected below. In a press release issued today, June 20, 2016, California Insurance Commissioner Dave Jones announced his decision in a major insurance case...
The Nevada Division of Insurance (“NDI”) has issued guidance on Credit for Reinsurance standards for Captive Risk Retention Groups (“RRGs”) filing on a U.S. Generally Accepted Accounting...
Alabama Department of Insurance Issues Two Bulletins to Property Casualty Insurers This Week
June 10, 2016
The Alabama Department of Insurance issued the following Bulletins to property and casualty insurers today, June 9, 2016 and yesterday, June 8 (to go directly to each complete bulletin, click on the hyperlinks below):...
The Alabama Department of Insurance recently published the information below on new laws enacted in the State of Alabama during its 2016 Regular Legislative Session, which adjourned Sine Die on May 4: Department...
The Consumer Financial Protection Bureau (“CFPB”) announced on May 5, 2016 that it is seeking comments on proposed Rules that would prohibit companies from putting mandatory arbitration clauses in new...
The Arizona Department of Insurance announced on May 5, 2016 that the results are in from its recent “Operating at the Speed of Business” Survey: We need to make information easier to find on...
In a report issued today, April 12, 2016, the U.S. Government Accountability Office reported on how other countries have structured and funded their terrorism risk insurance programs. Pursuant to a provision...
MetLife Wins Battle to Remove ‘Too Big to Fail’ Label
March 30, 2016
MetLife, American’s largest insurer, has won its battle with the U.S. government to shed its “too big to fail” designation. The New York Times reported today, March 30, 2016, that a federal...