Regulatory

Subscribe to Regulatory via RSS
In a market bulletin published on 5 March 2009, Lloyd’s announced new arrangements for the reporting, funding and settlement of LATF liabilities (excluding long term business). The bulletin states that these changes will take effect at the end of Q1 2009.

…
Read More UK: Changes Announced to Lloyd’s American Trust Fund (LATF)

In September 2008, the New Jersey Legislature enacted Senate Bill 1165 (the “Act”) setting forth standards and procedures with respect to the direct solicitation of consumers regarding annuity products.  The Act is designed to prevent the fraudulent and misleading marketing of annuity products by insurers, brokers and agents, and to provide standards for the disclosure of information about such products to consumers. 

…
Read More New Jersey Issues Bulletin Regarding Annuity Form Filing and Suitability Requirements

The Michigan Office of Financial and Insurance Regulation (the “OFIR”) announced last week that it has begun disapproving insurance rate filings made by automobile insurance companies that use insurance credit scoring as a factor in determining premium rates. 

…
Read More Michigan Regulators Disapprove Automobile Insurance Rate Filings Based on Insurance Scoring

We reported last week on the publication of the de Larosière Report on financial supervision in the EU (you can see that post by clicking here). The European Commission has now published its own proposals for radical reform of the regulatory and supervisory regime in Europe. 

…
Read More European Commission Responds to de Larosière Report