Department of Labor officials ushered in what is sure to be a fierce, and lengthy, legal battle today with a preview of its long-awaited, and industry despised, Retirement Security Rule.
There is concern in the life insurance industry that a forthcoming Department of Labor report could target group annuity contracts by pension plans in pension risk transfer transactions.
State insurance regulators plan to issue guidance on its best-interest annuity sales model after reviews turned up “deficiencies” in producer monitoring.
According to the New York Times, if you own a car made by General Motors or some other companies, Big Brother could be watching how fast you drive and how hard you brake. "Automakers Are Sharing Consumers' Driving Behavior With Insurance Companies," published Monday, March 11, begins with the story of Ken Dahl of Seattle, who has never been responsible for an accident.
NAIC regulators are looking at products for evidence of illustrations gone awry.
State insurance regulators are seeking comments on a proposal to further regulate insurers involved in often multi-billion-dollar reinsurance deals with offshore companies.
A couple of weeks ago, I was honored to receive an invitation to attend the Liberty Fire Department's ceremony announcing its new fire rating. ISO stands for Insurance Services Office. The Insurance Services Office provides a lot of rating, statistical and actuarial information to the insurance industry.
NAIC regulators are considering new climate data reporting rules.