Category: National News

  The National Association of Insurance Commissioners (“NAIC”) will hold its Summer 2013 National Meeting on August 24-27 in Indianapolis, Indiana. To view the conference Web page, which includes a complete meeting preview and tentative agenda, click here. Below are …

  During a July 17, 2013 meeting of the National Association of Insurance Commissioners’ (“NAIC”) Financial Condition Committee, regulators reviewed the draft “White Paper on Captives and Special Purpose Vehicles” and contemplated the creation of a captive transactions review board …

  The Texas Department of Insurance (“TDI”) held a Stakeholder Meeting on July 12, 2013 to discuss rulemaking for the recently enacted Senate Bill 734, which relates to the licensing of captive insurance companies.  The bill, which created Chapters 223A …

  Pursuant to the Consumer Option for an Alternative System to Allocate Losses Act of 2012 (“COASTAL Act”), the National Oceanic and Atmospheric Administration (“NOAA”), in consultation with other agencies, has identified federal and non-federal data collection efforts that may …

  At the four-day National Conference of Insurance Legislators’ (“NCOIL”) Summer Meeting in Philadelphia that concluded on July 14, 2013, legislators debated dozens of key insurance-related issues.  Among other actions, they adopted a resolution urging an extension of the Terrorism …

  In Bulletin No. 35 issued today, July 15, 2013, the Delaware Department of Insurance (“DDI”) advised all insurers doing business the state that both the “rate changes or deviations” fee [18 Del.C. §701(21)] and the “form, advertising and/or rule …

  In Bulletin 13-2013 issued July 5, 2013, the Arkansas Insurance Department (“AID”) seeks to clarify its position on the depreciation of labor in relation to what items are eligible for depreciation in an actual cash value insurance claim for …

  During a meeting of the National Association of Insurance Commissioners (“NAIC”) Reinsurance Task Force (“Task Force”) on June 18, 2013, members were updated on ongoing revisions to a draft Process for Developing and Maintaining the NAIC List of Qualified …

  The Financial Stability Oversight Council met yesterday, June 3, 2013, on whether to designate AIG and Prudential as non-bank systemically important financial institutions (SIFIs) pursuant to the Dodd-Frank Act of 2010.  GE Capital was also considered for the same …

  The National Association of Insurance Commissioners’ (“NAIC”) Reinsurance Task Force (“Task Force”) will meet via teleconference June 18, 2013 to consider additional comments from regulators and interested parties on a draft Process for Developing and Maintaining the NAIC List …