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PHL Variable Insurance Company in ‎Rehabilitation At A Glance

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

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

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

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

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

New Washington Statutory Financial Requirements for Providers of Service Contracts and Protection Product Guarantees Effective...

Washington H.B. 1001 was enacted on April 8, 2019, and will take effect on July 28, 2019.1 H.B. 1001 makes changes to Wash Rev. Code Chapter 48.110 governing service contracts and protection products guarantees which permit...more

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