Regulation and Oversight

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'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

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 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

The American Property Casualty Insurance Association (APCIA) has voiced concerns over the National Association of Insurance Commissioners (NAIC) recently approved climate risk disclosure mandate. Among the concerns, the APCIA said, was that new proposed survey requirements have a short time frame for implementation. Read More