Pursuant to Section 100247 of the Biggert-Waters Flood Insurance Reform Act of 2012 (“BWA”), Federal Insurance Office (“FIO”) Director Michael McRaith advised today, April 23, 2013, that...
A National Association of Insurance Commissioners (“NAIC”) subgroup draft white paper on commercial insurers’ use of captives and special purpose vehicles (“SPVs”) is open for public...
At last week’s National Association of Insurance Commissioners (“NAIC”) 2013 Spring National Meeting, the NAIC’s Financial Condition Committee approved two model law development requests...
The National Association of Insurance Commissioners (“NAIC”) revised Credit for Reinsurance Model Law and Regulation require an assuming insurer to be licensed and domiciled in a Qualified Jurisdiction in order to...
The National Association of Insurance Commissioners (“NAIC”) and the National Insurance Producer Registry (“NIPR”) released their respective 2012 Annual Reports during the NAIC’s Spring...
In a news release issued today, April 3, 2013, the U.S. Federal Reserve Board announced its approval of a final Rule that establishes the requirements for determining when a company is “predominantly engaged in...
In a March 25, 2013 notice inviting comment on proposed policy it called “contrary to prudent business practice,” the Federal Housing Finance Agency (“FHFA”) is proposing a ban of force-placed...
At its meeting yesterday, March 25, 2013, the National Association of Insurance Commissioners (“NAIC”) Own Risk and Solvency Assessment (“ORSA”) Subgroup (“Subgroup”) adopted the...
The National Association of Insurance Commissioners (“NAIC”) will hold its Spring 2013 National Meeting from April 6-9 in Houston, Texas. Below are agenda highlights from various committees scheduled to...
The National Conference of Insurance Legislators (“NCOIL”) held its 2013 Spring Meeting in Washington, D.C., from March 8-10, 2013. More than 280 state legislators, insurance regulators, federal...