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Staking claims: unclaimed property update Q1 2013

USA - April 5 2013 April 2, 2013 - Yesterday's litigation developments in West Virginia and Kentucky put an exclamation point on the abundant activity occurring in the…

Anthony Cicchetti, Stephanie Fichera, Irma Reboso Solares

How risky are you?

USA - November 2 2012 On September 12, 2012, the NAIC adopted the “Risk Management and Own Risk Solvency Assessment Model Act.”

National Association of Insurance Commissioners amends Actuarial Guideline XXXVIII

USA - November 2 2012 On September 12, 2012, the National Association of Insurance Commissioners (NAIC) amended Actuarial Guideline XXXVIII (AG 38), as proposed by a Joint Working Group of the Life Insurance and Annuities (A) and the Financial Condition (E) Committees.

Clifton R. Gruhn

Florida enacts new captive insurance law

USA - May 1 2012 May 1, 2012 -- Last week, Florida's Governor, Rick Scott, signed legislation providing for the formation of captive insurers interested in providing various types of property and casualty insurance, other than workers' compensation insurance, personal motor vehicle, and residential property insurance.

Robert Shapiro

To insulate or to not insulate

USA - March 27 2012 As part of the NAIC's ongoing review of general account guaranteed insurance products funded by a separate account, the Separate Account Risk (E) Working Group (SARWG) was charged to study the need to modify existing regulatory guidance related to separate accounts where in recent years various products and contract benefits have increased the risk to the general account.

Ann Black, Josephine Cicchetti