Inherent conflicts within insurance intermediaries are not being properly managed, a recent “Thematic Review” by the United Kingdom’s (“UK”) Financial Conduct Authority (“FCA”)...
Category: National News
The U.S. Government Accountability Office (“GAO”) released report GAO-14-512 today, May 28, 2014, entitled “Emergency Transportation Relief: Agencies Could Improve Collaboration Begun During Hurricane...
Missouri Department of Insurance, Financial Institutions and Professional Registration releases Annual Report
May 27, 2014
Missouri regulators have provided annual report since 1870 Jefferson City, Mo. – The Missouri Department of Insurance, Financial Institutions and Professional Registration (“DIFP”) recently...
A.M. Best Hosts Roundtable Webinar Discussion on National Association of Insurance Commissioners Spring 2014 National Meeting
April 17, 2014
Category NAIC
As a follow-up to the recent National Association of Insurance Commissioners Spring 2014 National Meeting, A.M. Best Company hosted a live recap of the event via Webinar on April 4, 2014. Moderator Lee McDonald of A.M....
Connecticut Insurance Department Advises on Insurance Holding Company System Annual Registration Statement Filings–Form B
April 17, 2014
Connecticut Gen. Stat. §38a-135(a) provides that “Every insurance company that is authorized to do business in this state and is a member of an insurance holding company system shall register with the...
National Association of Insurance Commissioners Working Group Seeking Comments on Updated Corporate Governance Annual Disclosure Model Act and Regulation by April 21, 2014
April 10, 2014
Category Financial Condition Committee
After rejecting a request to exempt insurers that write less than $500 million in direct written and assumed premiums from having to file an annual corporate governance disclosure, the National Association of Insurance...
New York Senator Neil Breslin Takes Helm of NCOIL Today
April 4, 2014
Category NCOIL
Above: New York Senator Neil D. Breslin Takes Helm of NCOILToday New York Senator Neil D. Breslin advised National Conference of Insurance Legislators (“NCOIL”) members today, April 4, 2014, that he...
Two Global Swiss Reinsurers First to be Certified Under New Missouri Reinsurance Law
January 17, 2014
The Missouri Department of Insurance (“MDOI”) announced today, January 17, 2014, that two Swiss-based reinsurers, Swiss Reinsurance Co. Ltd. and Swiss Re Corporate Solutions Ltd., have been approved as...
Maryland Insurance Administration: No State Economic Benefit from Establishing Captive Industry
January 2, 2014
Finding no evidence that the state of Maryland would realize any actual economic benefit from becoming a domicile for captive insurers, the Maryland Insurance Administration (“MIA”) published a report...
Today, December 2, 2013, the Federal Emergency Management Agency (“FEMA”) Building Science Branch announced the release of a new report to Congress entitled “Including Building Codes in the National...