Category: National News
Jul 23, 2015
Above: Colodny Fass’ Donovan Brown Provided Historical Perspective on Benchmark Florida Legislation at Yesterday’s NAIC Sharing Economy Working Group Meeting There had been no known state-level precedent anywhere in the nation for home-sharing legislation at the time that SB …
Jul 21, 2015
Above: Colodny Fass’ Donovan Brown Notes Indiana Insurance Commissioner’s Directive on Price Optimization Indiana became the seventh state to ban insurance company use of “price optimization” in ratemaking with its publication of Bulletin 219 by the Indiana Insurance Department …
Jul 20, 2015
Above: Colodny Fass’ Donovan Brown Notes NCOIL’s adoption of TNC, Storm Chaser Model Laws This Weekend At the National Conference of Insurance Legislators (“NCOIL”) 2015 Summer Meeting in Indianapolis that concluded yesterday, July 19, lawmakers adopted two high-profile model laws, …
Jul 13, 2015
Above: Colodny Fass’ Donovan Brown Notes Comments Submitted on NAIC Price Optimization Draft White Paper “At what point can a proposed rate be judged as “unfairly discriminatory?” “Is it really the responsibility of a regulated entity to explain to …
Jul 10, 2015
The National Conference of Insurance Legislators will hold its 2015 Summer Meeting in Indianapolis, Indiana from July 16 through July 19. Along with various committee meetings, several special programs are scheduled for Friday, July 17, highlighted by a …
Jul 9, 2015
In Bulletin(s) HC-103 and PC-79 issued yesterday, July 8, 2015, Connecticut Insurance Commissioner Katharine Wade advised all insurance companies and others doing business in the State of Connecticut on certain provisions that will not be approved in a stop …
Jul 8, 2015
Following the resignation of former Nevada Insurance Commissioner Scott J. Kipper, Nevada Department of Business and Industry Director Bruce Breslow appointed Amy L. Parks as Acting Insurance Commissioner yesterday, July 7, 2015. The appointment will be the second time …
Jul 3, 2015
Above: Colodny Fass’ Donovan Brown notes Vermont Department of Financial Regulation bulletin on “price optimization” factors in property and casualty ratemaking In Bulletin 186 issued last week, the Vermont Department of Financial Regulation (“VDFR”) addressed the issue of “price optimization” …
Jul 2, 2015
The State of Georgia has proposed a complete repeal of its current regulations relating to captive insurance companies, with the goal of adopting a new Rule Chapter on the same subject pursuant to the enactment of HB 552 this …
Jul 1, 2015
Any excess line policy submitted to the Excess Line Association of New York (“ELANY”) that contains the so-called “Most Favored Nation” punitive damage insurability clause or similar language will be suspended and reported to the New York Department of …