Category: National News

Above:  Colodny Fass’ Donovan Brown Notes Maine and Washington D.C. Price Optimization Bulletins     Maine and Washington D.C. became the latest states to issue bulletins on price optimization last week. To read an A.M. Best article on the developments, …

Above:  Colodny Fass’ Donovan Brown Notes NAIC Will Hold Three Webinars to Finalize Price Optimization White Paper   Three Webinars have been scheduled during the next month to prepare the National Association of Insurance Commissioners’ (“NAIC’s”) draft Price Optimization White …

Above:  Colodny Fass’ Donovan Brown Notes Comment Deadline Extended On NAIC Price Optimization White Paper   The deadline to submit comments on the National Association of Insurance Commissioners’ (“NAIC’s”) Price Optimization White Paper Draft (“White Paper”) has been extended to …

  Revisions to a number of insurance-related regulations have been adopted by the Alabama Department of Insurance (“ALDOI”), the agency announced on August 21, 2015.   Below is a listing of each and a corresponding hyperlink to the newly adopted …

Above:  Colodny Fass’ Donovan Brown Notes Pennsylvania’s Longstanding Price Optimization Prohibition   The Pennsylvania Insurance Department (“PID”) issued Notice 2015-06 from Pennsylvania Insurance Commissioner Therese Miller this weekend to warn insurers against price optimization after the question of whether the practice may be used …

  Given what it noted as a trend in insurers’ increasing use of managing general agents and third-party administrators for outsourcing various business processes, the National Association of Insurance Commissioners’ (“NAIC’s”) Financial Analysis Working Group (“Working Group”) has recommended the modification …

  Arizona Governor Douglas A. Ducey has appointed Darren T. Ellingson as the State’s Acting Director of Insurance. Mr. Ellingson replaces Germaine Marks, who recently resigned as Director to accept a position in the private sector.  “I look forward to …

Above:  Colodny Fass’ Claude Mueller Is Monitoring Revisions to the NAIC’s Certified Reinsurers Uniform Application “Passporting” Checklist, Credit for Reinsurance Model Law   The National Association of Insurance Commissioners’ (“NAIC”) continues to revise the Uniform Application Checklist for Certified Reinsurers …

Above:  Colodny Fass’ Donovan Brown Notes Comment Period Runs Through September 8 on this Weekend’s Revisions to NAIC Price Optimization White Paper Draft    The National Association of Insurance Commissioners’ (“NAIC’s”) Casualty Actuarial and Statistical Task Force met at the 2015 Summer …

  Insurance regulators’ findings indicate coverage crisis in southeast Missouri   The value of uninsured residential properties for earthquake damage has nearly eclipsed the value of insured properties in Missouri, insurance regulators are warning. According to the 2015 Earthquake Report …