Category: National News

  The National Association of Insurance Commissioners’ Group Solvency Issues Working Group met via conference call on October 28, 2016, during which members discussed a proposed Form F Guidance Manual.   Form F, also known as the Enterprise Risk Report, …

  The National Association of Insurance Commissioners’ (“NAIC”) Financial Condition Committee (“Committee”) is in process of considering and developing contingency regulatory plans ” . . . to continue to protect U. S. consumers and U. S. ceding insurance companies from …

  Utilizing managed repair programs for property claims and using contractors controlled by claims organizations to provide property damage repair services could constitute an impermissible conflict of interest and a potential harm to insurance customers, the National Association of Public …

  The National Association of Insurance Commissioners’ (“NAIC”) Reinsurance Task Force has advised that public comments are due by August 22, 2016 on a draft of recent revisions to the XXX/AXXX Credit for Reinsurance Model Regulation.  This comment deadline was …

  The National Association of Insurance Commissioners’ National Treatment and Coordination Working Group is accepting written comments on a draft of Form A Review Best Practices until August 19, 2016.   The proposed Best Practices are ultimately intended to be a …

  Contains Key Statistics on Premiums By State, By Line of Business and Budget Information The National Association of Insurance Commissioners (“NAIC”) released the second volume of the 29th edition of the Insurance Department Resources Report (“IDRR”) today, July 25, …

  In Advisory Letter 2016-02 issued today, July 7, 2016, Louisiana Insurance Commissioner Jim Donelon advised all producer agencies on the mandatory reporting requirements of La. R.S. 22:1546 (B), explaining that some may be unaware of and are failing to …

  A new report published by the Ohio Department of Insurance illustrates a competitive Ohio property and casualty insurance marketplace that Ohio Lieutenant Governor Mary Taylor says is benefiting consumers with lower than average premiums and career opportunities. “We are …

  The California Department of Insurance announced today, June 29, 2016, that two Berkshire Hathaway companies–the California Insurance Company (“CIC”) and Applied Underwriters Captive Risk Assurance Company, Inc. (“AUCRA”)–were issued a cease and desist order from the California Department of Insurance …

    Three Ohio regulations relating to property and casualty insurance are among those open for comment until July 12, 2016 as part of a five-year regulatory review, the Ohio Department of Insurance reminded today, June 27, 2016.   Click …