Department of Business and Industry Director Dr. Kristopher Sanchez today announced the appointment of Ned Gaines as Acting Commissioner at…
News coverage of insurance industry and financial advisor regulation.
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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.
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.
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.
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.
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.
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.
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.
Regulators tackle troubling illustration practices
State insurance regulators say life insurers are “undermining” efforts to bring illustrations in line with reality.
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.
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.
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?
The Life Insurance Consumer Advocacy Center (LICAC) has filed a lawsuit against the California Department of Insurance (CDI) for violations…
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.
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,
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.
New York State Department of Financial Services Superintendent Adrienne A. Harris concluded of a multi-year investigation into motor vehicle insurers’…
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.
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.
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.
