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,...
Category: National News
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):...
NAIC to Activate Principle-Based Reserving Starting January 1, 2017
June 10, 2016
Category NAIC
The National Association of Insurance Commissioners (“NAIC”) announced today, June 10, 2016, that it has adopted a recommendation that will activate principle-based reserving (“PBR”) starting on...
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...
Comments are due by May 13, 2016 on the International Association of Insurance Supervisors (“IAIS) Issues Paper on Cyber Risk to the Insurance Sector, the National Association of Insurance Commissioners...
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...