The Georgia General Assembly this week passed a bill that adopts National Association of Insurance Commissioners’ recommendations for insurance holding companies, including calculations for group capital and a framework for liquidity stress tests. House Bill 969 was requested by the …
Arkansas Insurance Commissioner Alan McClain has been appointed by the National Association of Insurance Commissioners (NAIC) to serve as the Chair for the Workers’ Compensation (C) Task Force, a subgroup of the Property and Casualty (C) Committee, commonly referred to …
Texas Department of Insurance Chief Deputy Commissioner Doug Slape is a recipient of this year’s Robert Dineen Award, the highest honor for a state regulator bestowed by the National Association of Insurance Commissioners. Slape was honored with the Robert Dineen …
The National Association of Insurance Commissioners released the report calling out measures to adapt to and deal with the risks posted by climate change. The report, Adapting to Emerging Risks: The State-Based Regulatory System is Focused on Climate and Resiliency, …
The cyber insurance market in the U.S. grew to roughly $4.1 billion in direct written premiums in 2020, an increase of 29.1% from the prior year, reports the National Association of Insurance Commissioners (NAIC). According to the NAIC’s 2020 Cyber …
In the wake of massive protests last year focused on racial equity and social justice, insurers are among the many industries confronting the need to incorporate more diversity into their hiring and business practices. There are many different ideas in …
U.S. financial services leaders have stated their support in principle for a U.S. transition to a low-carbon economy. The support comes following the release of the Principles for a U.S. Transition to a Sustainable Low-Carbon Economy by the U.S. Climate …
Florida’s insurance regulator has a busy year ahead, and it won’t just include overseeing his own state’s insurance market, one of the most dynamic and complicated insurance markets in the world. Rather, for the next year, Insurance Commissioner David Altmaier …
The country’s insurance regulators are vowing to prioritize the monitoring of the use of consumer and non-consumer data by companies, the use of artificial intelligence, and the availability and affordability of insurance products for racial minorities. They say they will …
They’ve been billed as a solution to the rock-bottom interest rates weighing down the returns of America’s asset managers. Collateralized loan obligations — which package and sell leveraged loans into chunks of varying risk and return — promise safety and …
