Regulation and Oversight

NAIC Announces Its Regulatory Strategic Priorities for 2023

February 14, 2023

Having completed its committee assignments for the year, the National Association of Insurance Commissioners (NAIC) has announced its regulatory strategic priorities for 2023. This year's priorities cover such areas as climate and catastrophe risk, artificial intelligence and cyber security, insurer oversight, marketing of insurance products, and protection gaps. Read More

Insurance Commissioners Group Names 2023 Committee Leadership

February 3, 2023

The National Association of Insurance Commissioners (NAIC) has named its 2023 committee chairs and vice chairs. The NAIC also assigned members to its standing committees and named its 2023 task force chairs and vice chairs based on requirements established in the organization's bylaws. Read More

IAIS Seeks Feedback on Insurance Industry Operational Resilience Paper

October 18, 2022

The International Association of Insurance Supervisors (IAIS) is seeking feedback on a paper focusing on operational resilience in the insurance sector. In response to the trends underscoring the importance of resilience, the IAIS' Operating Resilience Task Force (ORTF) has published for consultation an "Issues Paper on Insurance Sector Operational Resilience." Read More

IAIS Report Examines Supervisors' Role in Pandemic Risk Insurance

September 30, 2022

The International Association of Insurance Supervisors (IAIS) and the Access to Insurance Initiative) have published a note examining the role insurance supervisors could play in creating insurance-based programs for pandemic risk. The report outlines the roles that insurance supervisors can play as future initiatives are developed. Read More

Recent Changes to Vermont Law

June 27, 2022

Recent changes to Vermont's captive insurance laws allow Vermont captives to accept or transfer risks through parametric contracts. Other recent legislative changes in Vermont include imposing new cyber-security requirements on entities licensed under the state's insurance laws. Read More