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Insurance Commissioners

Faegre Drinker Biddle & Reath LLP

Election Night for Insurance Geeks

Election Day — November 5, 2024 — approaches with close races and high stakes. We have cleared through the coverage and prognostication for a more insurance-focused outlook. As we settle in Tuesday night with snacks, clicker...more

Morgan Lewis

Update on NAIC Proposals to Challenge Credit Ratings for Structured Securities

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The National Association of Insurance Commissioners recently held its August 2024 meeting, which saw significant changes to the proposal pertaining to the Security Valuation Office's discretion authority over designations...more

Locke Lord LLP

PHL Variable Insurance Company in ‎Rehabilitation At A Glance

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On Friday, May 17, 2024, Connecticut Insurance Commissioner Mais filed a Petition for Rehabilitation and Appointment of the Commissioner as Rehabilitator of PHL Variable Insurance Company ("PHL"), a Connecticut domestic stock...more

Locke Lord LLP

Washington Issues Technical Assistance Advisory 2024-02 Regarding the Use of AI in ‎Insurance

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On April 22, 2024, the Washington Office of the Insurance Commissioner issued Technical Assistance Advisory 2024-02 regarding “The Use of Artificial Intelligence Systems in Insurance” (the “Advisory”). The Advisory applies to...more

Locke Lord LLP

Maryland Issues Bulletin No. 24-11 on the Use of AI in Insurance

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Commissioner Kathleen Birrane, Maryland Insurance Administration, on April 22, 2024 issued Bulletin No. 24-11, The Use of Artificial Intelligence Systems in Insurance (the “Bulletin”). The Bulletin applies to “all Insurers,...more

Locke Lord LLP

Rhode Island Adopts NAIC AI Model Bulletin

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In recent weeks a number of states have adopted the Model Bulletin: Use of Artificial Intelligence Systems by Insurers (the “Model Bulletin”) adopted last December by the National Association of Insurance Commissioners...more

Kramer Levin Naftalis & Frankel LLP

NCOIL Advances Public Adjuster Model Law

On Feb. 2, 2024, the Property & Casualty Insurance Committee of the National Council of Insurance Legislators (NCOIL) adopted a new Public Adjuster Professional Standards Reform Model Act (the Act). The Act goes before...more

Locke Lord LLP

Texas Reduces Surplus Lines Stamping Fee

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The Texas Department Insurance (“TDI”) Commissioner Cassie Brown issued an order decreasing the surplus lines stamping fee from .075% to .04% of gross premium resulting from surplus lines insurance contracts. The decrease...more

Faegre Drinker Biddle & Reath LLP

Election Night for Insurance Geeks: November 2022

Election outcomes affect every industry. Insurance, however, is unique in the range of elected policymakers who can impact it directly — insurance commissioners, governors and Congress (not to mention state legislatures and...more

Manatt, Phelps & Phillips, LLP

California's 2022 Primary Results and Takeaways

Historically Low Turnout Results in Status Quo Outcome - California’s June top-two primary is when California voters choose their two favorites for state offices. Unlike in many other states, voters can pick any candidate...more

Faegre Drinker Biddle & Reath LLP

Log4j Vulnerability Prompts Insurance Commissioners to Issue Guidance

CISA Director Jen Easterly on Log4j: “These vulnerabilities are the most severe that I’ve seen in my career.” On December 11, 2021, the Cybersecurity and Infrastructure Security Agency (CISA), in partnership with the FBI...more

Troutman Pepper

Wisconsin Enacts Insurance Data Security Law Requiring Notification of Cybersecurity Incidents to Insurance Commissioner Within...

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Entities that collect Wisconsin residents’ personal information and are licensed, registered, or authorized (licensee) with the Office of the Commissioner of Insurance (commissioner) will have to abide by a new data security...more

Carlton Fields

Workers' Compensation Rate Hearing and Proposed Cat Fund

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The Florida Office of Insurance Regulation conducted a rate hearing last week to discuss the National Council on Compensation Insurance's (NCCI) proposed overall average statewide workers’ compensation premium decrease of...more

Spilman Thomas & Battle, PLLC

West Virginia's New Intermediate Appellate Court Fundamentally Changes Workers' Compensation Litigation Practice

The 2021 West Virginia Legislative Session produced a major change for West Virginia workers’ compensation litigation in the West Virginia Appellate Reorganization Act of 2021. Specifically, Senate Bill 275 was enacted to...more

Locke Lord LLP

Arkansas Implements New Insurance Business Transfer Law

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On July 28, 2021, Arkansas will implement its recently enacted Insurance Business Transfer Act (“IBTA”). The purpose of the law is to provide insurance carriers a process for the transfer of blocks of business from any...more

Kramer Levin Naftalis & Frankel LLP

Insurance Commissioner, Acting as Liquidator of RRG, Is Not a “Governmental Authority”

When is an insurance commissioner not a governmental authority? A federal district judge reminds us that a state insurance commissioner, when acting as receiver of an insolvent insurer, acts in a different capacity to his...more

Wiley Rein LLP

Insurance Commissioner’s Suit Brought in his Capacity as Receiver of Insolvent Insurer Does Not Constitute A “Governmental Claim”

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The United States District Court for the District of Connecticut has held that a lawsuit filed by a state insurance commissioner in his capacity as private receiver on behalf of an insolvent insurer was not a “Governmental...more

Locke Lord LLP

Washington State Implements Registration and Tax Requirement on Eligible Captive Insurers Operating in the State

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On May 12, 2021, Washington’s legislature passed into law Senate Bill 5315, which implements a registration requirement and a tax on captive insurers operating in Washington. Although Washington does not license captive...more

Carlton Fields

New Hampshire Supreme Court Invalidates Long-Term Care Rate Caps

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The New Hampshire Supreme Court recently determined that regulations limiting premium rate increases for long-term care insurance policies exceeded the state insurance commissioner’s rulemaking authority and were therefore...more

Faegre Drinker Biddle & Reath LLP

Colo. Bill Restricting Insurers’ Use of External Data and Algorithms Passes First Hurdle

Colorado Senate Bill 21-169 passed its first test on May 3, 2021, as the Senate Business, Labor & Technology Committee approved a strike-below version of the bill by a 4-3 margin. The revised bill would...more

McDermott Will & Emery

Washington State Cracking Down on Insurance Review Websites and Their Producer/Insurer Partners

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Washington State Insurance Commissioner Mike Kreidler released Technical Assistance Advisory 2021-01 (Advisory) on February 19, 2021, summarizing current Washington State law and taking a very conservative view on what...more

McDermott Will & Emery

California Expands on Premium Relief Obligations

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On March 11, 2021, California Insurance Commissioner Ricardo Lara expanded his prior orders regarding premium relief for any line of insurance in California where the measures of risk have become substantially overstated as a...more

Spilman Thomas & Battle, PLLC

West Virginia Insurance Commissioner Dodrill Issues Bulletin Impacting Common Practice of "Independent" Medical Examinations in...

Commissioner Dodrill's latest Bulletin is a significant change to common practice for carriers, claims adjusters, and attorneys. West Virginia Insurance Bulletin No. 21-03 interprets W. Va. Code §23-4-8(a) and the physical...more

Manatt, Phelps & Phillips, LLP

[Webinar] National Roadmap on State-Level Efforts to End the Drug Overdose Epidemic - February 9th, 2:00 pm - 3:00 pm ET

How Can Mental Health and Substance Use Disorder (SUD) Parity Laws Help Battle the Overdose Epidemic? Learn the Answers—and Catch Up on the Most Recent State and Federal Developments—at a New Webinar from the AMA and Manatt. ...more

Faegre Drinker Biddle & Reath LLP

Election Night for Insurance Geeks: 2020 Edition

We are less than a week from a presidential election, with control of Congress in play. Meanwhile, shifts in state legislatures have the potential to change the direction of policymaking and impact the redistricting process....more

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