Insurance Regulation
P/C Industry Lobbyists Hope to Shape FAA’s Proposed Drone Regs
Two insurance industry trade associations expressed support for proposed regulations governing commercial drone use, calling them a good first step. Worries remain, however, about how the regulations ...
Ohio Insurance Director Warns Insurers Against Using Price Optimization
Lieutenant Governor and Department of Insurance Director Mary Taylor has warned Ohio insurers against the use of price optimization that can result in unfair discrimination. Taylor recently issued ...
NAIC Adopts New Corporate Disclosure Requirements: What Carriers Can Do Today to Avoid Problems Tomorrow
The NAIC recently adopted the Corporate Governance Annual Disclosure Model Act and corresponding Model Regulations (CGAD). Although the initial disclosures are not likely due until 2016 at the ...
More Transparency Expected as U.S. Regulators I.D. Risky Financial Firms
The top U.S. financial risk watchdog on Wednesday pledged more transparency in procedures it uses to designate firms as super-risky, a promise that followed a flood of criticism from insurers and ...
It’s Time for U.S. Insurers to Push Ahead on Climate Change: Deloitte
While U.S. property/casualty insurers have been dealing with the effects of weather and climate changes for years, 2015 may be the year they start zeroing in on the idea of attacking global warming ...
MetLife Suing Over FSOC Designation
MetLife Inc. on Tuesday sued U.S. regulators over a decision to subject the insurer to tougher oversight because it harbors enough risk to endanger the financial system if the next crisis hits. The ...
How States Rate on Insurance Regulation, ‘A’ to ‘F’
Vermont gets a grade of "A+" and California and North Carolina get grades of "F" in the annual report card on state insurance regulation issued by the free market think tank, The R Street Institute. ...
FIO Report on Global Reinsurance Industry Released
The U.S. Department of the Treasury's Federal Insurance Office released a report outlining the role the global reinsurance industry plays in the U.S. insurance industry late last year. The report, ...