Category: National News

  The National Association of Insurance Commissioners’ (“NAIC’s”) Terrorism Insurance Implementation Working Group (“Working Group”) advised yesterday, January 27, 2015, that its members have approved a Model Bulletin designed to convey a common message to insurers on implementation issues resulting …

The National Association of Insurance Commissioners (“NAIC”) released its 2012 Homeowners Insurance Report on January 20, 2015.  It provides data on market distribution and average cost by policy form and insurance amount. It also includes national and state-specific premium and exposure information …

The National Association of Insurance Commissioners (“NAIC”) adopted revisions to its Insurance Holding Company System Regulatory Act and Actuarial Guideline 48 (“AG 48”) during a teleconference meeting of the NAIC’s Executive Committee/Plenary yesterday, December 16, 2014.  Seven foreign supervisory authorities …

  The Excess Line Association of New York (“ELANY”) has advised via Bulletin No. 2014-21 that the final adopted version of the 14th Amendment to New York Regulation 41 (“14th Amendment”) became effective October 8, 2014. Click here to view …

  In a news release issued today, October 24, 2014, the U.S. Federal Reserve and other federal regulatory agencies announced proposed rulemaking to amend regulations pertaining to loans secured by property located in special flood hazard areas.  To view a …

  The Financial Stability Board (“FSB”) issued an October 16, 2014 call for public comment on a proposal entitled “Recovery and Resolution Planning for Systemically Important Insurers – Guidance on Identification of Critical Functions and Critical Shared Services.” Comments are …

  On October 17, 2014, the Financial Stability Board (“FSB”) issued draft guidance for public comment on cooperation and information-sharing with host authorities of jurisdictions not represented on crisis management groups (“CMGs”) where a global systemically important financial institution (“G-SIFI”) …

  The National Association of Insurance Commissioners (“NAIC”) 2014 Fall National Meeting will be held from November 16 to 19 in Washington, D.C. Special events scheduled during that time include a complimentary panel forum entitled “Navigating Interest Rates in the …

  On October 14, 2014, the Initiative on Business and Public Policy at Brookings Institution convened a forum focusing on insurance lessons learned during the recent financial crisis, and how regulatory reforms are changing the industry and its supervision.   …

  Effectively immediately, Delaware auto insurers must take responsibility for ensuring their submission of annual rate information has been accomplished in a timely manner.  In Auto Bulletin No. 22 published on October 15, 2014, the Delaware Department of Insurance (“Department”) …