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