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Regulation News

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News coverage of insurance industry and financial advisor regulation.

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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.

April 1, 2025
Illustration of a family under an umbrella being held in a pair of giant hands, with financial illustrations behind them. Regulators-considers-tweaks-to-life-illustration-rules.

Regulators tackle troubling illustration practices

State insurance regulators say life insurers are “undermining” efforts to bring illustrations in line with reality.

March 31, 2025
Image shows legal scales
State insurance regulators conceded that artificial intelligence regulation needs to proceed faster.

State insurance regulator on pace of AI rules: ‘We must go faster’

Artificial intelligence is developing fast, maybe too fast for state insurance regulators. But some say they have to move faster.

March 26, 2025
Image shows a paper bill and the letters RBC
Should life insurance companies be permitted to publicize their RBC ratio?

State regulators want insurers to downplay key financial strength figure

State insurance regulators resumed discussions Tuesday on a proposal to make a key measure of insurance companies’ financial health confidential.

March 18, 2025
Image shows the word, "Reinsurance."
Offshore reinsurance is now a part of the equation for nearly every major life insurer. What are the risks?

Offshore reinsurance: Rising popularity. Rising risk?

Offshore reinsurance gives life insurers more options to invest their capital, with access to increased scale and new business volumes. But is it financially sound?

California insurance department sued by consumer group over public records

March 17, 2025

The Life Insurance Consumer Advocacy Center (LICAC) has filed a lawsuit against the California Department of Insurance (CDI) for violations…

March 13, 2025
Image of the American, Mexican and Canadian flags. How-Trump-tariffs-other-policies-impact-the-insurance-industry.

How will Trump tariffs, other policies impact the insurance industry?

The insurance industry is facing even broader repercussions from the administration’s policies well beyond what tariffs could bring.

March 11, 2025
Image shows the NAIC logo and three magnifying glasses
The National Association of Insurance Commissioners is trying to have it both ways when it comes to accountability, a consumer group says.

Consumer group: NAIC wants influence without accountability

A consumer advocacy group claims that the National Association of Insurance Commissioners enjoys widespread power and influence without the accompanying transparency,

March 5, 2025
Image shows an umbrella and the word "reinsurance."
Regulators are trying to find common ground on a reinsurance guideline.

Regulators: Reinsurance asset testing guideline may face legal issues

Regulators are ready to hit the home stretch on an asset adequacy testing guideline for offshore reinsurance. But that does not mean everyone is happy.

NY fined vehicle insurers $20.4 million for failure to report information

February 25, 2025

New York State Department of Financial Services Superintendent Adrienne A. Harris concluded of a multi-year investigation into motor vehicle insurers’…

February 17, 2025
Image of an older man holding an axe, poised above a chopping block that is labeled Medicaid. Medicaid-on-the-chopping-block-as-Republicans-release-budget-2
House Republicans proposed slashing Medicaid as a way to pay for federal budget cuts that would fund a GOP agenda that includes tax cuts, border security and energy production.

Medicaid on the chopping block as Republicans release budget draft

House Republicans proposed slashing Medicaid as a way to pay for federal budget cuts that would fund a GOP agenda that includes tax cuts, border security and energy production.

February 14, 2025

Economy showing momentum despite uncertainty

The U.S. economy is showing momentum in early 2025, despite lingering uncertainty in the wake of the November elections.

February 13, 2025
Image shows the Atlantic Coast Life Insurance logo
A South Carolina judge sided with Atlantic Coast Life Insurance Co. today.

SC judge rules Atlantic Coast can stay in business; rips regulators

A South Carolina judge reversed a state Department of Insurance order today banning Atlantic Coast Life Insurance Co. from writing new premiums.

January 31, 2025
Image shows money with the word, "Reinsurance" over top
Regulators are trying to produce an offshore reinsurance guideline.

Regulator group aims for reinsurance asset testing guideline by June

The Life Actuarial Task Force exposed a new version Thursday of its proposal for tougher asset adequacy testing on offshore reinsurance deals.

January 29, 2025
The words "Duplicative Bureaucracy?" overlay a federal building representing the Federal Insurance Office. Called ‘duplicative bureaucracy,’ Federal Insurance Office is targeted.

Called ‘duplicative bureaucracy,’ Federal Insurance Office is targeted

Republican Rep. Troy Downing has made abolishing the Treasury Department’s Federal Insurance Office his priority as a freshman congressman.

January 17, 2025
Scott-Bessent-CEO-and-CIO-of-hedge-fund-Key-Square-Group. Trump's pick for Treasury secretary says letting the 2017 tax expire would unleash a $4 trillion tax hike that could crush the U.S. economy.
President-elect Trump's pick for Treasury secretary, Scott Bessent, CEO and CIO of hedge-fund Key Square Group.

Trump pick for Treasury: extending tax cuts the ‘most important’ issue

Trump’s pick for Treasury secretary, Scott Bessent, says letting the 2017 tax expire would unleash a $4 trillion tax hike that could crush the U.S. economy.

January 15, 2025
Image shows a skeleton typing at a keyboard
Regulators are trying to move a long-term care rate review proposal forward.

‘We could analyze this forever’: Regulators defend LTC rate review process

State insurance regulators are trying to get to the finish line on a long-term care rate review standard after nine years of studying the issue.

January 9, 2025
Image shows the Atlantic Coast Life logo
A-Cap will have its day in court Friday.

SC judge to hold Friday hearing on Atlantic Coast Life new business ban

A South Carolina administrative law judge will hold a Friday hearing on whether Atlantic Coast Life Insurance Co. can continue writing new policies.

December 24, 2024
Image shows Elon Musk and the U.S. Capitol
State insurance regulators want the Federal Insurance Office shuttered.

State regulators want to put the kibosh on the Federal Insurance Office

State insurance regulators know what they want from the anti-government fervor inspired by the return of President Donald Trump: elimination of the Federal Insurance Office.

December 23, 2024
Photo illustration showing a game board with many pieces and a playing piece with the image of the U.S. Capitol dome and a question mark. Cyber-security-regulation-under-Trump-a-question-mark-for-now,

Expert: Cybersecurity regulation under Trump a question mark for now

With the top U.S. cybersecurity official making her exit, the incoming administration’s next move anyone’s guess.

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