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Regulation News

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News coverage of insurance industry and financial advisor regulation.

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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.

December 12, 2024
Image shows a man figure walking into the sun
Mortality rates remain stubbornly high.

Post-COVID 19 ‘excess mortality’ rates could remain high for another decade

COVID-19 might seem like a distant memory but for life insurance executives lagging mortality rates remain a stubborn reminder.

December 3, 2024
Image of Donald Trump against a background of financial charts and graphs. Financial-sector-under-new-Trump-administration-taking-shape.
The financial sector under the incoming Trump administration is taking shape.

Financial sector under new Trump administration taking shape

The Trump administration’s plans for the financial services sector are taking shape key appointments are being announced.

November 20, 2024
Marc Rowan, Apollo Global Management CEO, is reportedly a candidate for Treasury Secretary.
Marc Rowan, Apollo Global Management CEO, is reportedly a top candidate for treasury secretary.

Apollo CEO Marc Rowan reportedly a contender for Trump treasury secretary

Marc Rowan, billionaire co-founder and CEO of Apollo Global Management, Inc., has reportedly emerged as a key candidate for treasury secretary.

November 19, 2024
Dr. Mehmet Oz (Photo by Anthony Behar/Sipa USA)

Trump to nominate Dr. Oz to lead CMS

President-elect Donald Trump said he would nominate Dr. Mehmet Oz to lead the Centers for Medicare & Medicaid Services.

November 19, 2024
Image shows a shredded Social Security card and the words, "Fixed By Year Three?"
Social Security will not likely be on the new president's agenda, analysts agreed.

Social Security fix unlikely until at least year 3 of Trump agenda, say analysts

Don’t expect the Trump team to prod Congress to tackle the looming Social Security problem anytime soon. If at all.

November 15, 2024
Illustration of a large mouth screaming with the logo of the California Department of Insurance overlapping. Consumer-group-slams-CDI-on-alleged-failure-to-provide-annuity-sales-complaint-data.

Calif. insurance dept. slammed on alleged failure to provide annuity sales complaint data

A consumer group has taken issue with the California Department of Insurance’s refusal to provide annuity sales complaint data.

November 8, 2024
Illustration of a toy house sitting on a financial document, with coins and bills piled nearby. Estate tax exemption likely to stay high (or disappear) under Trump II.

Estate tax exemption likely to stay high (or disappear) under Trump II

Now that Donald Trump has won a return to the White House the future of the estate tax is a little clearer.

November 4, 2024
Image of Hawaii with large smokestacks spewing smoke. Hawaii-court-first-to-classify-greenhouse-gases-as-pollutants.

Hawaii court first to classify greenhouse gases as pollutants

Hawaii Supreme Court becomes the first to classify greenhouse gases as pollutants, and thus excluded from traditional insurance coverage.

October 14, 2024
Image shows the word "Reinsurance"
An NAIC working group is making slow progress on offshore reinsurance guidance.

Regulators opt for narrow scope with offshore reinsurance guideline

State insurance regulators trying to get better control of offshore reinsurance reserves opted for a “narrow scope” with a new guideline.

October 9, 2024
Image shows the NAIC logo
Reinsurance issues remain a big concern for state insurance regulators.

Regulators set to tackle reinsurance concerns after comment period

State insurance regulators are set to return to the reinsurance issue as soon as Thursday.

Wisconsin releases enforcement actions for August

September 5, 2024

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for August. The actions are…

August 22, 2024
Image shows the U.S. Capitol in shaded colors.
The Department of Labor's latest fiduciary rule attempt is stalled in court.

Next president might control fate of DOL fiduciary rule, analysts say

While likely not a top issue for them, either Donald Trump or Kamala Harris will likely end up deciding the fate of the DOL effort to extend fiduciary duty.

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