insurance regulation News

N.Y. Calls for More Oversight for Investment Firms’ Acquisitions of Insurers

The New York Department of Financial Services (DFS) has proposed new regulations to oversee private equity and investment firms’ acquisitions of insurance companies, especially acquisitions of annuity companies, in the state. DFS said the proposal to enshrine enhanced policyholder protection …

Conn. Gov.: When It Comes to Insurance Regulation, States Are Here to Stay

Speaking at the National Association of Insurance Commissioners’ International Insurance Forum, Connecticut Gov. Dannel P. Malloy told a crowd of U.S. and international regulators and insurance representatives that when it comes to insurance regulation, states are “here are stay” and …

Betts To Lead Insurance Council Of Texas

Albert Betts will become executive director of the Insurance Council of Texas on April 1. Betts, who had served as general counsel to ICT since 2009, will replace Rick Gentry. Gentry is retiring after 17 years as the association’s manager. …

Ex-Treasury Official Wolin Urges Federal, State Collaboration to Improve Regulation

To make continued improvements in the U.S. insurance regulatory system, it’s imperative for state and federal officials to work collaboratively and share information and perspectives, said former Deputy Treasury Secretary Neal S. Wolin, who delivered the keynote speech at the …

Federal Insurance Office Releases Long-Awaited Modernization Report

After nearly two years of delay, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released its report on how to modernize and improve the system of insurance regulation in the United States. In its report, the FIO …

Insurance Law, Regulation – Jim Wrynn’s Experience Covers It All

James J. Wrynn, Esq. served as New York’s Superintendent of Insurance from 2009 to 2012, when he joined the law firm of Goldberg Segalla LLP, which specializes in insurance law. His knowledge and experience are both broad and deep, especially …

New Mexico Current Insurance Regulator To Remain In Office

State Insurance Superintendent John Franchini was selected to remain as New Mexico’s top insurance regulator when his office becomes an independent governmental agency next month. A nine-member committee named Franchini to serve as insurance superintendent for a term that starts …

Panel Solicits Applicants For New Mexico Insurance Regulator

Former State Insurance Superintendent Chris Krahling has been named to a panel that will select New Mexico’s top insurance regulator. A nine-member committee will select the next superintendent of insurance, who starting in July will be in charge of an …

Montana Enacts Insurance Compact Legislation

Montana Gov. Steve Bullock has made Montana the 43rd state to join the Interstate Insurance Product Regulation Commission. Bullock’s state joined the IIPRC upon his signing of Senate Bill 28. The IIPRC is a state-based regulatory modernization initiative designed to enhance …

Laws Revamp New Mexico Regulatory Agency, Insurance Office

Gov. Susana Martinez has approved measures revamping the Public Regulation Commission, including increasing qualifications for future members. Bills signed into law on Friday will transfer the registration of corporations to the secretary of state’s office from the PRC and establish …