Enterprise Risk Report For Certain New York Insurers Due April 30, 2014

The New York State Department of Financial Services (the “Department”) recently proposed Regulation 203¹ (the “Proposed Regulation”) which attempts to assess the “enterprise risk” impacting New York authorized insurers and business risks disclosed by New York domestic insurers’ own risk and insolvency assessments (“ORSA”) to determine the impact of such risks in light of available capital. (Read more)