The Life Insurance Consumer Advocacy Center (LICAC) has filed a lawsuit against the California Department of Insurance (CDI) for violations…
News coverage of insurance industry and financial advisor regulation.
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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.
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.
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.
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.
‘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.
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.
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.
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.
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.
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.
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.
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.
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.