Browsing: regulation

A Utah judge has temporarily halted an emergency order that restricted Sentinel Security Life Insurance Co. from issuing new policies nationwide, following a similar reversal in South Carolina.

A North Dakota judge has ruled in favor of the state’s insurance commissioner, blocking a rate increase attempt by a financially troubled long-term care insurer. The ruling protects policyholders from potentially significant premium hikes.

The Office of Insurance Commission (OIC) in Thailand has initiated a stress test plan for 2025 to evaluate the resilience of insurance businesses against various risk scenarios.

An analysis of the anxieties of U.S. life and annuity issuers amidst global economic uncertainties.

Experts and advocates debate the primary drivers of rising insurance rates, with climate change emerging as a key factor.

The Prudential Regulation Authority (PRA) is seeking feedback on proposed changes to the UK’s regulatory framework for Insurance Special Purpose Vehicles (UK ISPVs), aiming to enhance safety and promote competitiveness.

Biltir CEO Suzanne Williams-Charles asserts that Bermuda continues to attract interest from life insurance companies, refuting claims of firms leaving for the Cayman Islands.

The Insurance Regulatory and Development Authority of India (IRDAI) has cautioned insurance companies regarding elevated commission payouts, which are contributing to higher premiums for consumers. The regulator has mandated corrective action to curb these commissions, or face potential limitations.

The Financial Services Agency of Japan is investigating life insurers’ reinsurance practices, particularly those involving global investment firms and offshore hubs like Bermuda.

Recent legal and regulatory actions impacting the insurance industry, including fines in New York and a ruling in Missouri.