Category: National News

  The latest edition of the National Conference of Insurance Legislators (“NCOIL”) newsletter, “NCOILetter,” was published today, September 5, 2014.  To view the newsletter, click here. Articles in this volume include: International Issues Task Force to Reconvene in November Expanded Federal …

  The National Association of Insurance Commissioners (“NAIC”) held its Summer 2014 National Meeting from August 16 through 18 in Louisville, Kentucky. As part of Kentucky Insurance Commissioner Sharon Clark’s welcome, the Kentucky Department of Insurance organized a “fitness challenge” …

  The Virginia Bureau of Insurance (“Bureau”) advised via memorandum on August 29, 2014 that all licensed property and casualty insurers and rate service organizations must amend coverage forms to remove language requiring appraisal awards in property claims to be …

  Peter Braumüller, Chairman of the Executive Committee of the International Association of Insurance Supervisors (“IAIS”), announced yesterday, August 28, 2014, that the insurance supervisors of California and Virginia have joined an international supervisory cooperation and information exchange agreement.  There …

  Issues surrounding commercial ride-sharing and car-sharing activities conducted by transportation network companies (“TNCs”) were the focus of a special event held on August 16 by the National Association of Insurance Commissioners’ (“NAIC”) Center for Insurance Policy and Research (“CIPR”) …

Models will allow for the annual collection of detailed information on insurers’ corporate governance practices The National Association of Insurance Commissioners (“NAIC”) announced today, August 18, 2014, that it has adopted a Corporate Governance Annual Disclosure Model Act (“Model Act”) …

  Amid mounting assertions by United States (“US”) lawmakers and regulators that individual states should participate directly in the debate on international insurance regulatory standards and convergence, the EU-US Insurance Project has proposed that initial steps should be taken toward …

  Public comments are due by September 2, 2014 on the International Association of Insurance Supervisors’ (“IAIS”) “Draft Procedures on Meeting Participation and the Development of Supervisory and Supporting Material and Draft Policy for Consultation of Stakeholders” document, which is …

  The current maelstrom surrounding commercial transportation-sharing services takes the spotlight at the upcoming National Association of Insurance Commissioners (“NAIC”) Summer 2014 National Meeting, together with the ongoing debate over international capital standards.  The event is scheduled to be held …

  In letters addressed to federal and international officials, National Conference of Insurance Legislators (“NCOIL”) President and New York Senator Neil Breslin, who also chairs the NCOIL International Issues Task Force, again stressed the success of state-based regulation and the …