Category: NAIC

Deloitte Sounds Alarm on Insurance Industry Regulatory Scrutiny

The insurance industry should get ready for national and international regulation, along with greater scrutiny of popular products such as annuities, according to a Deloitte & Touche report Regulators far and wide are bearing down on insurers and advisors in “a trend which is expected to accelerate and add to rule-making and overlapping of regulatory…


NAIC Submits Comments on Global Risk Insurance Capital Standards In Advance of March 20 IAIS Rome Meeting

Above:  G. Donovan Brown of Colodny Fass notes IAIS seeks suggested topics and presentations for March 20 Insurance Capital Standards event In advance of the International Association of Insurance Supervisors’ (“IAIS”) second meeting on global risk insurance capital standards (“ICS”) scheduled for March 20, 2015 in Rome, Italy, the National Association of Insurance Commissioners (“NAIC”)…


Comments on NAIC Insurance Holding Company System Regulatory Act Revisions Due March 11, 2015; ORSA Subgroup Initiatives Absorbed Into Group Solvency Parent

Proposed amendments to three sections of the National Association of Insurance Commissioners’ (“NAIC’s”) 2015-2016 Financial Analysis Handbook were released for public comment by the Group Solvency Issues Working Group (“Working Group”) after its meeting today, February 13, 2015. The sections are: Holding Company Analysis for Use of Group Reporting Template Supervisory College Guidance Supervisory College…


Insurance Holding Company Regulatory Act Amendments, Consolidated Public Hearing Procedures To Be Reviewed at NAIC Group Solvency Meeting February 13, 2015

The National Association of Insurance Commissioners’ (“NAIC’s”) Group Solvency Issues Working Group (“GSI Working Group”) will meet on February 13, 2015 at noon (ET)  to continue deliberating possible amendments to the Insurance Holding Company System Regulatory Act (#440) and the Insurance Holding Company System Model Regulation (#450) intended to address issues that have arisen subsequent…


U.S. House Subcommittee To Continue Review of International Regulatory Standards’ Impact on U.S. Insurers’ Competitiveness

Federal Insurance Office Director Michael McRaith, along with Pennsylvania Insurance Commissioner Michael Consedine, U.S. Senator Neil Breslin (NY) and Federal Reserve Division of Banking Supervision and Regulation Senior Advisor Thomas Sullivan will be panelists tomorrow, November 18, 2014, at 2:00 p.m. for a U.S. House of Representatives Housing and Insurance Subcommittee hearing entitled “The Impact…