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Regulation News

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News coverage of insurance industry and financial advisor regulation.

Top Stories

December 3, 2025
Image shows the Department of Labor logo
The Department of Labor fiduciary rule effort suffered another setback last week.

DOL fiduciary future murky as Fifth Circuit tosses appeal

The Department of Labor fiduciary rule is again on the ropes after the Fifth Circuit Court of Appeals dismissed the government’s appeal Friday.

November 24, 2025
Illustration of insurance performence illustrations using 3D objects. 'Take this as a win': NAIC creates new life insurance illustration group.

‘Take this as a win’: NAIC creates new life insurance illustration group

The National Association of Insurance Commissioners is creating a new working group to address life insurance and annuity illustrations.

More Stories

December 3, 2025
Image shows the Department of Labor logo
The Department of Labor fiduciary rule effort suffered another setback last week.

DOL fiduciary future murky as Fifth Circuit tosses appeal

The Department of Labor fiduciary rule is again on the ropes after the Fifth Circuit Court of Appeals dismissed the government’s appeal Friday.

November 24, 2025
Illustration of insurance performence illustrations using 3D objects. 'Take this as a win': NAIC creates new life insurance illustration group.

‘Take this as a win’: NAIC creates new life insurance illustration group

The National Association of Insurance Commissioners is creating a new working group to address life insurance and annuity illustrations.

November 5, 2025
Illustration showing financial graphs with the logos for Apollo and UBS.

Apollo CEO fires back at UBS chair over ‘systemic risk’ comments

UBS Chairman Colm Kelleher said that insurers shopping for better ratings are creating a “looming systemic risk” to global finance. Marc Rowan disagreed.

NAIC CEO Gary Anderson departs after one year on the job

November 3, 2025

The National Association of Insurance Commissioners announced Friday that Gary Anderson departed his position as the organization’s chief executive officer…

August 18, 2025
Image shows the NAIC logo
An NAIC task force is working on an update of the risk-based capital ratio.

NAIC gets pushback on fast-track effort to add ‘rigor’ to 33-year-old RBC standard

State insurance regulators are moving with alacrity on a controversial plan to overhaul the risk-based capital (RBC) framework by the end of 2025.

August 15, 2025
Image shows the Department of Labor building and an hourglass
The Department of Labor is unsure on how to proceed with the Biden-era Retirement Security Rule.

DOL seeks another delay to decide on fiduciary rule future

The Department of Labor remains undecided about what to do with the Biden-era Retirement Security Rule, its latest attempt to expand fiduciary duty.

August 14, 2025
Image shows a screen and the letters, RBC
Regulators plan to take up a controversial proposal to hide RBC figures in October.

Cooling off period urged before regulators tackle proposal to hide RBC

A proposal to make a key measure of insurance companies’ financial health confidential is teed up for regulators to tackle in October.

August 14, 2025
Image shows the NAIC logo.
NAIC regulators are working to gain a better handle on life insurance company reserving risk.

NAIC regulators: Signs of ‘progress’ getting life insurers to cut spreads

State insurance regulators report “progress” getting life insurers to pull back on overly optimistic investment growth projections.

August 12, 2025
Image shows a percent sign increasing in size
Regulators want to tamp down unrealistic illustrations.

NAIC takes another swing at stricter rules on life insurance illustrations

State insurance regulators are again nibbling around the edges of an actuarial guideline designed to limit unrealistic life illustrations.

July 21, 2025
Image shows the NAIC logo.
An NAIC task force is attempting to update RBC principles.

New NAIC task force urged to update RBC to avoid more insurer failures

An NAIC task force is tackling risk-based capital ratio in an effort to better identify “potentially weakly capitalized companies.”

July 15, 2025
Image shows people around a table and the word "reinsurance."
The NAIC Life Insurance and Annuities (A) Committee passed a reinsurance asset testing guideline Monday.

NAIC committee unanimously passes reinsurance asset-testing guideline

A new asset-testing guideline for reinsurance deals will result in no direct action, even if regulators uncover negative numbers.

July 10, 2025
Image shows a 5-year symbol recognizing the anniversary of Reg BI.
The SEC's Regulation Best Interest took effect five years ago.

SEC’s Reg BI at year 5: ‘A glass half-full’ as challenges remain

After five years, many advisors and brokers remain divided on the Securities and Exchange Commission’s Regulation Best Interest.

Ned Gaines named acting insurance commissioner for Nevada

July 7, 2025

Department of Business and Industry Director Dr. Kristopher Sanchez today announced the appointment of Ned Gaines as Acting Commissioner at…

July 7, 2025
Image shows the Supreme Court and a set of large teeth
The Supreme Court sharply limited the lower-court ability to issue nationwide injunctions.

SCOTUS ruling on nationwide injunctions could have lasting implications

A SCOTUS ruling on birthright citizenship could also shut down a key strategy for financial services to block unwelcome federal rules.

June 25, 2025
Image shows the New Jersey Department of Labor logo
New Jersey is tightening up the definition of independent contractor in a rule change that has big implications for insurance agents.

Industry groups eye New Jersey independent contractor rule warily

New Jersey Department of Labor and Workforce Development officials are reviving the “ABC Test” for independent contractor status.

June 2, 2025
Image shows a keyboard with a "reinsurance" key
Regulators hope to have a new reinsurance guideline in place by the end of the year.

Regulators to vote on disclosure-only reinsurance asset testing guideline

Regulators are set to adopt an asset adequacy testing guideline to add another layer of transparency to major reinsurance deals.

May 29, 2025
Image shows a gavel and a court scene
Utah is ending its bid to place A-Cap insurers into rehabilitation.

Utah regulators withdraw rehabilitation petition against A-Cap insurers

Utah regulators dropped a petition to force Sentinel Security Life Insurance Co. and a pair of reinsurers into court-ordered rehabilitation.

May 16, 2025
Image shows Jeffrey Cutter and the SEC
The SEC has to decide whether to apply its rules to advisors who sell insurance annuities in the future.

SEC needs to show its hand on disclosures after Cutter verdict, analysts say

The Securities and Exchange Commission has some work to do following the recent guilty verdict against a Massachusetts advisor for insufficient disclosures.

April 28, 2025
Image showing a tax form with the CFP Board logo overlaying it. 2025-tax-changes-could-upend-retirement-and-legacy-plans-CFP-Board-survey-finds.

Retirement plans could be hit by expiring tax cuts, survey finds

CFP professionals are warning expiring tax cuts could pose significant risks to their clients’ financial goals.

April 19, 2025
Computer screen showing CT Insurance Department document on PHL Variable rehab. Connecticut-regulators-explain-PHL-Variable-rehab-process-what-went-wrong.

Conn. regulators ask judge to reject ‘setoff rights’ for PHL Variable premium

Connecticut Insurance Department regulators are back in court this week in their ongoing effort to rehabilitate the financially troubled PHL Variable Insurance Co.

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