NAIC: Few Aware That Additional Health Care Reform Provisions Take Effect This Month

Only 14 Percent Correctly Identify Official Implementation Date for Law's Earliest Provisions WASHINGTON, Sept. 13 – Earlier this year, Congress passed sweeping reforms designed to revamp the health care system and increase access to care for many Americans. Yet, according to a new survey...

NY: Allstate Agrees To $10M Settlement Over Bodily Injury Claims Processes

Albany, NY (CompNewsNetwork) - Allstate has agreed to pay New York $1.2 million as part of a $10 million regulatory settlement, New York State Insurance Superintendent James J. Wrynn announced today. The agreement follows an 18-month targeted National Association of Insurance Commissioners (NAIC) multi...

FL: Commissioner McCarty Elected NAIC President-Elect

Tallahassee, FL (CompNewsNetwork) - The National Association of Insurance Commissioners (NAIC) elected Commissioner Kevin McCarty to be the NAIC President-Elect effective January 1, 2011. Commissioner McCarty was nominated by Mary Jo Hudson, Ohio Director of Insurance, and was elected by acclamation...

NY: Superintendent Elected To Leadership Position At NAIC

Albany, NY (CompNewsNetwork) - New York Insurance Superintendent James J. Wrynn today was elected by acclimation as the Chair of the Northeast Zone of the National Association of Insurance Commissioners (NAIC). This election also makes Superintendent Wrynn a member of the Executive Committee of the NAIC...

KS: New Chief Actuary Named By Insurance Commissioner

Topeka, KS (CompNewsNetwork) - Sandy Praeger, Kansas Commissioner of Insurance, has named Mark Birdsall, a veteran life insurance actuary, as the chief actuary for the Kansas Insurance Department (KID). He began his duties Jan. 19. Birdsall, a former Utah resident, has 31 years’ experience...

Ceres and a Series of Serious Thoughts about the NAIC Climate Disclosures - Part I

By J. Wylie Donald, Partner, McCarter & English Ceres released last month the first analysis of the insurer climate change disclosures submitted to state regulators pursuant to the National Association of Insurance Commissioners rule. The report is eye-opening. The authors have combed through...

Ceres and a Series of Serious Thoughts About the NAIC Climate Disclosures - Part II

By J. Wylie Donald, Partner, McCarter & English We wrote yesterday to introduce Ceres' report on the disclosure of climate risks by insurers and considered its first Recommendation to Regulators concerning mandatory and public disclosures. We address today the second recommendation in Climate...

Ceres and a Series of Serious Thoughts About the NAIC Climate Disclosures - Part III

By J. Wylie Donald, Partner, McCarter & English This is the last of three parts concerning Ceres' recently released Climate Risk Disclosures by Insurers: Evaluating Insurer Responses to the NAIC Climate Disclosure Survey . We already have looked at the first two Recommendations to Regulators...

Ceres and a Series of Serious Thoughts About the NAIC Climate Disclosures - A Three Part Series

Ceres released last month the first analysis of the insurer climate change disclosures submitted to state regulators pursuant to the National Association of Insurance Commissioners rule. The report is eye-opening. The authors have combed through the disclosures of 88 insurance companies and offer thoughtful...

Regulation of Reinsurance – New Appleman on Insurance Law Library Edition, Chapter 78

By Kimberly M Welsh, Vice President and Assistant General Counsel, RGA The following chapter discusses important principles of reinsurance regulation today. It begins in Section 78.01 with an overview of the regulatory framework for reinsurers and reinsurance transactions in the United States. Reinsurance...