In response to numerous complaints received from businesses, public officials, and other stakeholders of certain insurance representatives about attempts to dissuade business policyholders affected by COVID-19 from filing...more
In a Bulletin issued today, April 13, Commissioner Ricardo Lara ordered insurers in California to provide partial refunds of premiums paid in March, April and possibly May (and beyond) for the following lines of business...more
At the NAIC Summer Meeting in New York on August 4, 2019, the NAIC’s Restructuring Mechanisms Working Group (“Restructuring Working Group”) held its meeting on insurance business transfers (“IBTs”) and corporate division...more
On March 11, 2019, the NAIC’s Restructuring Mechanisms Working Group (“Restructuring Working Group”) held its first call on insurance business transfers (IBTs), an issue gaining more and more traction from industry and state...more