Category: National Insurance Regulation News and Updates

  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 Assurance Company, Inc. (“AUCRA”)–were issued a cease and desist order from the California Department of Insurance …

    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, June 27, 2016.   Click …

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 pitting a small business against a Berkshire …

  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 Principles basis. In Bulletin 16-003 issued today, June 15, 2016, Nevada Insurance …

  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):   Personal Property By-Peril Rating …

  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 of Insurance Bills Principle-Based Reserving  …

  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 contracts.   These clauses typically state that either the …

    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 some parts of our web …

  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 within the Terrorism Risk Insurance Program Reauthorization …

  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 …