Category: National News

  Above:  Missouri Insurance Director John M. Huff   The National Association of Insurance Commissioners (“NAIC”) has reappointed Missouri Insurance Director John M. Huff to a second two-year term as the state insurance commissioner representative on the Financial Stability Oversight …

  The National Association of Insurance Commissioners (“NAIC”) reminds that the comment period for the Corporate Governance Working Group’s “Proposed Responses to a Comparative Analysis of Existing U.S. Corporate Governance Requirements” concludes on Friday, September 28, 2012.  To view the …

  The following article was published in the Louisiana Times-Picayune on September 19, 0212:   Above: Louisiana Insurance Commissioner Jim Donelon   By Ed Anderson, The Times-Picayune Published in the New Orleans Times-Picayune on September 19, 2012 www.NOLA.com BATON ROUGE …

  The National Association of Insurance Commissioners (“NAIC”) Executive Committee and Plenary adopted the Risk Management and Own Risk and Solvency Assessment (“RMORSA”) Model Act, along with revisions to Actuarial Guideline XXXVII (“AG 38”) at a joint meeting yesterday, September …

  The National Association of Insurance Commissioners (“NAIC”) announced yesterday, September 11, 2012, that its members have decided to add the Legal Entity Identifier (“LEI”) to insurance industry regulatory reporting. The LEI project is coordinated by the Financial Stability Board …

  The National Association of Insurance Commissioners (“NAIC”) held its Summer 2012 National Meeting in Atlanta, Georgia from August 11 through August 14.  To access complete meeting materials, click here. To view a chart containing hyperlinks to all committee summaries, …

  The California State Legislature has passed reinsurance collateral legislation (SB 1216) that will now go to Governor Jerry Brown for action.  Should it become law, the bill would grant the California Insurance Commissioner more authority over the State’s reinsurance …

  The latest edition of the National Conference of Insurance Legislators (“NCOIL”) newsletter, “NCOILetter,” is now available.  The newsletter, which recaps legislators’ actions taken during the July 2012 NCOIL Summer Meeting, is attached in PDF format and can also be viewed by clicking here. …

  In her written comments submitted for the August 9, 2012 National Association of Insurance Consumers (“NAIC”) public hearing on private lender-placed insurance, Florida Insurance Consumer Advocate Robin Smith Westcott suggested that the tools available through market conduct reviews might be …

  On August 9, 2012 the Excess Line Association of New York issued Bulletin 2012-21 reminding Excess Line Brokers of upcoming license renewal requirements.  The Bulletin outlines pertinent information for both business entities and individual Excess Line licensees: The Bulletin …