Category: National News
Jun 30, 2015
The International Association of Insurance Supervisors (“IAIS”) announced last week, June 25, 2015, that it has begun a public consultation to help finalize development of the Higher Loss Absorbency (“HLA”) requirement for global systemically important insurers (“G-SIIs”). The IAIS …
Jun 22, 2015
Five federal regulatory agencies have approved a joint final Rule that modifies regulations applicable to loans secured by properties located in special flood hazard areas. Issued today, June 22, 2015, by the Federal Reserve System Board of Governors, the …
Jun 19, 2015
Above: Colodny Fass’ Claude Mueller Advises Texas Department of Insurance Has Adopted NAIC Risk-Based Capital Provisions The Texas Department of Insurance (“TDI”) advised yesterday, June 18, 2015, that it has adopted amendments to 28 Texas Administrative Code §7.402 concerning …
Jun 17, 2015
Above: Colodny Fass’ Donovan Brown Notes Today’s California Labor Commission Ruling on Uber Reuters reported this morning, June 17, 2015, that the California Labor Commission has ruled Uber drivers are employees, not independent contractors as the company had claimed. …
Jun 11, 2015
Nevada’s Commissioner of Insurance Scott J. Kipper has resigned as State Commissioner for the Nevada Division of Insurance (“Division”), effective July 2, 2015. “It has been an honor to have served the State of Nevada as Commissioner. I am …
Jun 10, 2015
An assortment of federal agencies issued a final interagency policy statement today, June 10, 2015, establishing joint standards for assessing the diversity policies and practices of the entities they regulate. To view the document, click here. Section 342 of …
May 22, 2015
The Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) yesterday, May 21, 2015, that is intended to make targeted improvements to disclosure requirements for insurance companies that issue short-duration contracts–defined as those in which insurance coverage …
May 20, 2015
Above: Colodny Fass’ Donovan Brown Notes Comment Deadline on NAIC Draft Price Optimization White Paper Is July 3 With a long list of comments already having been submitted on a draft white paper explaining the background and various aspects …
Apr 29, 2015
Above: Colodny Fass Insurance Regulatory Lawyer Sharlee Hobbs Edwards Notes Special Texas Data Call Due May 27 The Texas Department of Insurance (“TDI”) advised yesterday, April 28, 2015, that it is issuing a special data call to obtain information …
Apr 28, 2015
Daniel R. Judson has been named as Massachusetts Commissioner of Insurance, it was announced by Massachusetts Governor Charlie Baker yesterday, April 27, 2015. An attorney with over 25 years of insurance experience in both the public and private sectors, …