Regulation and Oversight

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

Triple-I Comments on SEC Investor Climate-Related Disclosure Proposal

June 23, 2022

In a letter to the US Securities and Exchange Commission (SEC), the Insurance Information Institute (Triple-I) says that creating a new layer of federal oversight would neither enhance nor standardize the climate-related disclosures US insurers make to investors. Read More

North Carolina Measure Creates Incentive for Captive Redomestications

June 6, 2022

North Carolina lawmakers have given final approval to legislation that will give captive insurance companies licensed in other domiciles a new incentive to redomesticate to North Carolina. Earlier, the measure received strong support from the state's insurance regulators. Read More