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Regulatory Agenda › Risk Management › Insurance Regulations

Skadden, Arps, Slate, Meagher & Flom LLP

The Standard Formula: Encyclopaedia of Prudential Solvency – Chapter 3: Prudential Insurance Regulation in Japan

Skadden, Arps, Slate, Meagher & Flom LLP on

This chapter discusses prudential insurance regulation in Japan. Japan is the fourth-largest insurance market in the world, with a broad customer base and a varied range of offerings. This profile, coupled with ongoing...more

McGlinchey Stafford

Insurance Coverage During Environmental Deregulation: Challenges and Adaptations

McGlinchey Stafford on

Environmental insurance plays a critical role in managing the financial risks associated with environmental liabilities. It provides coverage for pollution incidents, cleanup costs, and legal defense expenses, offering a...more

Farella Braun + Martel LLP

California's New Insurance Fix Faces Multi-Billion-Dollar Wildfire Test

Farella Braun + Martel LLP on

The Southern California wildfire crisis struck just when the Department of Insurance’s “Sustainable Insurance Strategy” was set to go into effect. Only days prior to the fires breaking out, the DOI announced the final step in...more

Carlton Fields

Will Insurers Be Required to Don a Deerstalker? The Case of Third-Party Vendors in Insurance

Carlton Fields on

Regulators are growing concerned about the delegation of various insurance company functions, prompting a closer examination of third-party vendors. Several groups within the National Association of Insurance Commissioners...more

Eversheds Sutherland (US) LLP

California wildfires: What is required versus what is requested, and why it matters

Eversheds Sutherland (US) LLP on

On January 9, the California Insurance Commissioner simultaneously published Bulletin 2025-1 and Notice 2025-1. The Bulletin, authorized by California Insurance Code section 675.1(b)(2), is not the focus of this Alert. The...more

Quarles & Brady LLP

States Adopt NAIC Model Bulletin on Insurers’ Use of AI

Quarles & Brady LLP on

State regulators are taking action on the use of artificial intelligence in insurance. To date, nearly a dozen states have adopted some form of the National Association of Insurance Commissioners (NAIC) Model Bulletin on the...more

Mayer Brown

New York State Department of Financial Services Issues Proposed Artificial Intelligence Circular Letter

Mayer Brown on

On January 17, 2024, the New York State Department of Financial Services (“NYSDFS”) released a proposed circular letter addressing the use of external consumer data and information sources (“ECDIS”) and artificial...more

Carlton Fields

Colorado DOI Summer Reading for Life Insurers

Carlton Fields on

Colorado DOI Summer Reading for Life Insurers - On May 26 — just ahead of the Memorial Day weekend — the Colorado Division of Insurance (DOI) issued for public comment a second draft of its proposed “Governance and Risk...more

Herbert Smith Freehills Kramer

NAIC, Industry Wrangle Over Key Aspects of Insurer Capital, Solvency Regulation

Herbert Smith Freehills Kramer on

Insurance carriers will find the following topics, recently discussed at the National Association of Insurance Commissioners (NAIC), relevant to capital management, financial risk, solvency and similar “prudential” issues,...more

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