Earlier this year, noting “the recent increase in the number of reciprocal exchanges being formed and challenges in assessing the fairness and reasonableness of attorney-in-fact fees being charged to the newly formed...more
8/22/2025
/ Corporate Governance ,
Fee Caps ,
Fees ,
Holding Companies ,
Insurance Industry ,
Insurance Regulations ,
NAIC ,
New Amendments ,
Proposed Regulation ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management ,
Working Groups
The concept of “control” of insurers received significant attention from state insurance regulators last year and will receive even more in 2023. We wrote a brief report in April 2022 following the New York Department of...more
2/7/2023
/ Acquisitions ,
Banking Sector ,
Financial Services Industry ,
Insurance Industry ,
Insurance Regulations ,
Investment Management ,
Investors ,
NAIC ,
New York ,
NYDFS ,
Private Equity ,
Regulatory Oversight ,
Shareholder Rights
We previously reported on regulators’ increased attention to the use of big data systems, including external consumer data and information sources, algorithms and predictive models. Recent announcements in Colorado, Louisiana...more
2/2/2023
/ Artificial Intelligence ,
Colorado ,
Data Collection ,
Data Privacy ,
Data Protection ,
Financial Services Industry ,
Insurance Industry ,
Insurance Regulations ,
Life Insurance ,
Louisiana ,
Money Laundering ,
New York ,
NYDFS ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Factors
For much of the past 10 years, the National Association of Insurance Commissioners (NAIC) and individual state insurance regulators have highlighted their awareness of the increasing number of insurers controlled by private...more