Saying the plaintiffs were likely to succeed on the merits of their claim, a Texas court has stayed the DOL’s 2024 fiduciary rule.
Saying the courts and corporations have hijacked the government, a group of senators have filed a bill to reinstate the Chevron Doctrine.
An insurance panel reminded state regulators that updated rules are available to help consumers get more funds from a receivership case.
Life insurers are unhappy with proposed tougher reinsurance oversight and let regulators know Monday during a working group call.
National Council of Insurance Legislators’ CEO Commissioner Tom Considine announced his retirement effective Dec. 31, 2024. The announcement came during…
The DOL says it may review the controversial practice of transferring pension risks to life insurers, commonly known as “derisking.”
How much input to allow the insurance industry to have on new privacy model rules divided some regulators and consumer advocates during a confusing conference call Wednesday.
A House committee today approved a budget rider that would prevent the Department of Labor from spending any funds to implement its fiduciary rule.
The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for June. The actions are…
Consumer advocates have brought new concerns about how insurers are using AI to the attention of the NAIC’ technology committee.
Regulators voted Thursday to expose a pair of reinsurance documents designed to move regulators closer to an actuarial guideline to tighten offshore reinsurance testing.
A New Orleans federal appeals court is scheduled to hear arguments the week of July 8 on whether the Biden administration’s ESG rule meets the legal standard.
After putting accelerated underwriting aside for a year, state insurance regulators are out with tentative guidance on the topic.
The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for May. The actions are…
State insurance regulators picked up discussions Thursday on proposals to better test the assets backing billion-dollar offshore reinsurance deals.
Nine insurance trade associations filed a lawsuit Friday against the Department of Labor to overturn its controversial Retirement Security Rule.
The former owner of a Fresno- based trucking company is facing charges of under-reporting more than $2 million in payroll to avoid workers’ compensation costs, regulators said Wednesday. Heigo Kubar, 84, of Fresno faces three felony charges related to about a half million in workers’ compensation insurance fraud at the company he used to own, TKJ Trucking,…
The U.S. Supreme Court declined to intervene Monday in a lawsuit brought by Country Mutual Insurance Co. policyholders alleging the insurer is hoarding profits.
There's now nearly $11 trillion in these retirement plans— boosted by years of continuous investing in a bull market and by employer matching contributions. That's why the Department of Labor, which regulates retirement savings, has issued a new fiduciary rule— one not only covering advice given within the plan to participants but also taking direct aim at the…
—The Bank of England has kept its main U.K. interest rate at a 16- year high of 5.25% with several policymakers still worrying about some key inflation measures. Like the U.S. Federal Reserve last week, which also kept rates, on hold, the majority on the panel wanted to see more evidence that inflation is under control. The Bank of England, like the U.S. Fed and other…
