Category: National News

  The National Association of Insurance Commissioners (“NAIC”) Group Solvency Issues Working Group (“Working Group”) has scheduled an October 24, 2014 conference call to redraft proposed changes to the NAIC Insurance Holding Company Model Act (#440). To view the meeting …

By Megan M. Grant, Esq.   Rulemaking is underway on Virginia regulations governing insurance holding companies after the enactment of House Bill 109, which conforms Virginia law to the National Association of Insurance Commissioners’ Insurance Holding Company Model Act. Written …

  The Kansas Insurance Department (“Department”) issued Bulletin 2014-3 today, October 14, 2014, to remind property and casualty insurers, as well as excess and surplus lines companies of procedures for reporting fire losses to the Kansas Fire Marshal’s Office as …

  The North Dakota Insurance Department (“Department”) advised on October 8, 2014 that a November 20 public hearing is scheduled on the proposed creation of rules aimed to protect consumers from misleading policy provisions which could transform liability policies into …

  The Excess Line Association of New York (“ELANY”) issued Bulletin No. 2014-20 on October 10, 2014 as a reminder to excess line brokers that the New York State Department of Financial Services will not be mailing any renewal license …

  The National Association of Insurance Commissioners (“NAIC”) is seeking comments by November 7, 2014 on two draft documents that will be considered for discussion and adoption at the NAIC’s 2014 Fall Annual Meeting from November 16-19 in Washington D.C.  …

  The Missouri Department of Insurance (“Department”) announced today, October 2, 2014, that Mary Johnson has been appointed to the position of Department Chief of Investigations. Ms. Johnson has held the position of Chief Investigative Auditor for the Missouri Attorney …

   By Wes Strickland, Esq. (above, left) and Claude Mueller (right)   Directed by the Financial Stability Board to develop a risk-based global insurance capital standard within the Common Framework for the Supervision of Internationally Active Insurance Groups (“Comframe”), the …

  The Arkansas Insurance Department (“Department”) issued Bulletin 13B-2013 on September 16, 2014 to clarify its position on the depreciation of labor in property claims.    To view the Bulletin, which replaces Bulletin 13A-2013 in its entirety, click here. In …

  The Ohio Department of Insurance (“Department”) advised today, September 17, 2014, that proposed new Rules 3901-11-01, 3901-11-02, 3901-11-03 and 3901-11-04 relating to captive insurance have been posted for public review and comment. On June 17, 2014, Ohio Governor John …