Category: National News
Mar 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 The New York Times reported today, March 30, 2016, that a federal judge in Washington rescinded the designation of …
Mar 28, 2016
The National Association of Insurance Commissioners (“NAIC”) Center for Insurance Policy and Research published its most recent newsletter today, March 28, 2016. Hyperlinks to the articles are provided below: Roadmap to the Future By John M. Huff, NAIC …
Mar 10, 2016
The Texas Department of Insurance posted an informal working draft and seeks stakeholder comment on amendments that would update 28 TAC §5.4605, relating to Items Not Requiring an Inspection for the Purposes of Windstorm and Hail Insurance Coverage through …
Feb 24, 2016
The National Association of Insurance Commissioners (“NAIC”) released its latest Homeowners Insurance Report today, February 24, 2016, in which it published the most recently validated data on market distribution and average cost by policy form and amount of insurance. To view the …
Feb 19, 2016
Barbara Richardson has been appointed as Nevada Insurance Commissioner, it was announced by Nevada Department of Business and Industry Director Bruce Breslow today, February 19, 2016. Ms. Richardson will join the Division next month. Her appointment as the result of …
Feb 10, 2016
To assist regulatory actuaries who are reviewing Own Risk and Solvency Assessment (“ORSA”) reports, the National Association of Insurance Commissioners Casualty Actuarial and Statistical Task Force has prepared an explanatory paper with background information on the Enterprise Risk Management …
Feb 10, 2016
Reuters reported today that the National Highway Traffic Safety Administration (“NHTSA”) has issued a letter interpreting that the artificial intelligence system piloting a self-driving vehicle could be considered the “driver” under federal law–a major step toward ultimately winning regulatory …
Jan 13, 2016
Missouri law prohibits the use of rates that are excessive, inadequate or unfairly discriminatory The Missouri Department of Insurance (“MDI”) issued Bulletin 16-02 to Missouri insurers yesterday, January 12, 2016, in reference to the prohibited rating practice generally known …
Dec 23, 2015
The National Conference of Insurance Legislators (“NCOIL”) announced the tentative schedule for its 2016 Spring Meeting in the latest edition of the “NCOILetter” published today, December 23, 2015. Highlighted by a forum on auto insurance affordability, NCOIL’s Spring Meeting …
Dec 22, 2015
The Texas Windstorm Insurance Association’s (“TWIA’s”) Expert Panel will hold a January 7, 2016 public meeting on the progress of its work to date. During this meeting, the Panel will present its proposed method or model and recommendations for …