Insurance Industry, NAIC, Investors

Louisiana MGA Legislation: A Sign of Heightened Scrutiny?

McDermott Will & Emery on 6/26/2024

Louisiana recently amended its statutes regulating managing general agents (MGAs). Certain of the amendments conform Louisiana law to the National Association of Insurance Commissioners MGA Model Act (NAIC Model) adopted in...more

"Control" of Insurers: A Concept That Remains a Work in Progress

McDermott Will & Emery on 2/7/2023

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

NAIC Adopts List of Regulatory Considerations Impacting Insurance Company Investors

Cooley LLP on 11/21/2022

As private equity and venture capital investors add insurance company investments to their portfolios, those investments may ultimately end up being regulated more than they bargained for. Although private equity investment...more

Regulators Continue to Scrutinize Private Equity Investments in Insurance

Goodwin on 3/2/2022

As innovative technologies continue to transform the insurance industry, private equity firms and venture capital funds continue to invest in promising insurtech startups and other licensed insurance entities. However, while...more

Recent State Fiduciary Duty Developments: Idaho, North Dakota and Ohio

Faegre Drinker Biddle & Reath LLP on 4/6/2021

Idaho and North Dakota have adopted wholesale the National Association of Insurance Commissioners’ (NAIC) model suitability standard. Ohio also finalized its proposed rule adopting the NAIC model rule...more

Insurtech Deals on the Rise

Skadden, Arps, Slate, Meagher & Flom LLP on 9/27/2019

In what many consider a banner year for fintech megadeals, insurtech has begun to take center stage. In early August 2019, Roper Technologies agreed to acquire life insurance software solutions provider iPipeline for $1.6...more