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.
News coverage of insurance industry and financial advisor regulation.
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Maryland commissioner on NAIC climate effort: It’s time to take action
State insurance regulators are moving ahead with a “National Climate Resilience Strategy” but industry lobbyists are not sure what it means.
Roth catch-up contribution provision poses challenges for many plans
In response to plan administrator concerns following SECURE 2.0 Act passage, the IRS has delayed the Roth catch-up contribution requirement,
Labor Department sends new fiduciary rule to OMB
The Department of Labor sent its new and controversial fiduciary rule to the Office of Management and Budget late Friday afternoon.
NAIC regulators pushed by Feds into climate data collection, advocates say
The Treasury Department settled a long-running dispute with state insurance regulators over climate data collection, announcing Friday that they will partner to compile the data from insurers.
Insurance Commissioner Ricardo Lara announced several appointments “to help advance the California Department of Insurance’s vision of insurance protection for…
Mark Gordon signed 18 bills into law. Among the bills signed Monday was one that will make changes to a process health insurance companies use to approve or deny medications for patients and one that will allow for vehicle registrations to be carried electronically. House Bill 14 regulates prior authorization— a process health insurance companies use to…
Mar. 6— Washington state Insurance Commissioner Mike Kreidler announced Wednesday that he sent letters to insurers in the Spokane area urging them to make it easier for victims to file claims resulting from the Gray and Oregon Road fires that devastated rural areas last summer. In a previous letter to President Joe Biden, Gov. Jay Inslee wrote that it will cost…
A New York appellate division judge ruled Wednesday that multimillion-dollar penalties imposed on former President Trump in his civil fraud case will not be paused while he appeals the judgment; however, for now, Trump can apply for loans. Justice Anil Singh temporarily denied the former president's request to stay the enforcement of the more than $454…
Gov. Gavin Newsom pressured to veto best interest standard in California
California could become the 45th state to adopt best-interest annuity sales rules if Gov. Gavin Newsom signs the bill.
Federal prosecutors in Manhattan charged the Rolls Royce-driving pastor in December 2022 of persuading one of his parishioners at Leaders of Tomorrow International Ministry in Canarsie, Brooklyn to invest around $90,000 of her retirement savings and then blew it on luxury items for himself. Prosecutors say Whitehead further attempted to trade access to…
As federal prosecutors and a defense attorney argued in an Orlando courtroom last week about how much time a convicted Joel Greenberg associate should spend in prison, new details emerged of a shady real estate scheme by the former tax collector and his friends that federal investigators say bilked Seminole County out of $262,000. “This was a straw purchase,…
