This month, a number of new workers’ compensation rules took effect in Florida, affecting penalties for employers who fail to obtain comp insurance and setting new requirements for exemptions for corporate officers. The Florida Division of Workers’ Compensation announced that …
Model regulations states can follow for their cannabis industries may be just around the corner. Such guidelines are in place for state insurance regulators from the National Association of Insurance Commissioners. The insurance industry has NAIC. Cannabis has CANNRA. The …
In the summer of 2018, a senior anti money-laundering official at Swedbank AB appeared anxious as he read reports that its competitor Danske Bank A/S could be fined by U.S. authorities for alleged crimes in the Baltics. “I’m afraid that …
This post is part of a series sponsored by AgentSync. Many insurance organizations see compliance as a challenge to growth, a shackle that keeps them from going too far too fast. But what if, instead, your compliance mechanism was a …
This post is part of a series sponsored by AgentSync. Question: If each state is responsible for regulating its own insurance industry, and there are 50 states in the U.S., how many different entities dictate insurance compliance? Answer: 56 Seems …
For nearly a decade, Lombard International sat on a secret. It began to unravel in May 2016 when a wealthy German walked into a Luxembourg bank. The man wanted a loan. For collateral, he offered a future payout from a …
Texas insurance regulators are now accepting comments from the industry in an effort to identify rules that need to be updated or changed. The Texas Department of Insurance announced earlier this year it would begin collecting input from stakeholders on …
More than a year after the European Union implemented its General Data Protection Regulation (GDPR), U.S. insurers are examining what they can learn as they prepare for the implementation of similar data privacy laws in New York and California. “With …
An international standard setting body has proposed a one-year delay and changes to the first global accounting rule for insurance contracts following industry calls for a cut in compliance costs and more time. The International Accounting Standards Board (IASB) published …
A global standards body has proposed a one-year delay to implementing its new accounting rule aimed at increasing visibility in how insurers earn money, after the industry said it needed more time to prepare for such a sweeping change. A …
