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Happy Presidents Day! Hopefully you are on vacation and reading this a day late. However, if not, we hope this installment of InsurTech analysis serves as a nice and informative break from the rigors of your work day. This week we move further into our overview of the insurance industry for InsurTechs, we move away from the things the general public is familiar with (Distribution and Claims), and we peer into what’s behind the curtain. And despite what the Wizard of Oz says, you should definitely pay attention to what’s behind the curtain.
Read More Underwriting and Finance/Reinsurance Focused InsurTechs – Understanding Licensure and Top 3 Regulatory Issues

Washington, D.C. Mayor Muriel Bowser recently established the District of Columbia Financial Services Regulatory Sandbox and Innovation Council (the “Council”). The Council has been tasked with analyzing and reporting on the viability of implementing a financial services regulatory sandbox in the District.
Read More Washington, D.C. Establishes Financial Services Regulatory Sandbox and Innovation Council

Welcome back to your weekly dose of InsurTech insight. Hopefully in time you’ll come to think of us as a kind of General Assembly for InsurTechs, but instead of learning technological skills, you’ll learn practical information regarding not only regulatory and transactional insurance matters applicable to the InsurTech space, but also issues related to being an entrepreneur (which we will begin to focus on in the second month of this blog).
Read More Distribution and Claims-Focused InsurTechs: Understanding Licensure and Top 5 Regulatory Issues

Director Chlora Lindley-Myers (MO), 2019 Chair of the Market Regulation and Consumer ‎Affairs (D) Committee of the National Association of Insurance Commissioners (NAIC), ‎announced on February 8, 2019 on a committee conference call the names of the regulators who ‎will act as Chairs and Vice Chairs of the D Committee’s Task Forces and Working Groups for ‎the coming year. ‎…
Read More Chairs and Vice Chairs of Task Forces and Working Groups of the NAIC’s Market Regulation and Consumer Affairs (D) Committee for 2019 Announced

For the past 18 months, insurance companies have been holding their collective ‎breath to see if an appellate court would affirm or reverse an Ohio district court decision ‎concluding that thousands of current and former agents for American Family ‎Insurance Company were employees and not independent contractors under ERISA, ‎the federal law governing pensions and other employee benefits.‎…
Read More Insurance Agents Not Misclassified As Independent ‎Contractors; Sixth Circuit Rules in Favor of Insurance ‎Company in ERISA Class Action Seeking Pension, Life, ‎and Health Benefits