The recent financial crisis and its cascading effects on the global economy have drawn increased attention to the regulation of financial institutions including insurance companies. While many ...
On August 14, 2020, the National Association of Insurance Commissioners (NAIC) adopted a set of principles that will guide the work of insurers and entities, including data providers, that play an ...
May 31 of this year was a bittersweet day of sorts. That's the day my license as an insurance producer in the state of New Jersey expired. I never got the chance to actually become the eternally ...
Along with the winds, rain, and storm surges of Hurricane Katrina came a cacophony of voices urging Congress to adopt a catastrophic hurricane fund (CAT fund). A CAT fund, like the bankrupt and highly ...
As noted in our 2021 post on the draft version, the Principles supplement the 2018 Fair Treatment of Customers Guidance (“FTC Guidance”) of CISRO and the Canadian Council of Insurance Regulators and ...
Cybersecurity insurance is a new insurance industry product that reflects the havoc wreaked by hacks, data breaches and phishing attempts, which have become bolder because cybersecurity extorting ...
Washington, D.C. — The effects of climate change are already being broadly felt by U.S. insurance markets, consumers, and the financial system. A new Center for American Progress column outlines four ...
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best became a signatory of the United Nations Environment Programme’s (UNEP) FI Principles for Sustainable Insurance (PSI). AM Best believes the insurance industry ...
When Democrats passed the Affordable Care Act in March 2010 — known universally as ObamaCare — they largely ignored every basic actuarial principle of insurance. As a result, ObamaCare was always ...
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