Former State Insurance Superintendent Chris Krahling has been named to a panel that will select New Mexico’s top insurance regulator. A nine-member committee will select the next superintendent of insurance, who starting in July will be in charge of an …
Montana Gov. Steve Bullock has made Montana the 43rd state to join the Interstate Insurance Product Regulation Commission. Bullock’s state joined the IIPRC upon his signing of Senate Bill 28. The IIPRC is a state-based regulatory modernization initiative designed to …
Gov. Susana Martinez has approved measures revamping the Public Regulation Commission, including increasing qualifications for future members. Bills signed into law on Friday will transfer the registration of corporations to the secretary of state’s office from the PRC and establish …
India’s Finance Minister P. Chidambaram advocated the removal or relaxation of “outdated” caps on foreign direct investment (FDI) in different sectors, including insurance, as his government struggles to revive an economy that has posted its weakest growth in a decade. …
The House has approved a proposal for establishing an independent state office regulating the insurance industry in New Mexico. The measure will implement a constitutional amendment approved by voters in November to remove insurance regulation from the Public Regulation Commission. …
The Pennsylvania Insurance Department announced on Tuesday that the state’s regulators collected a record of nearly $18 million in fines and $13.4 million in restitution in 2012. The collections were from enforcement and market conduct actions, as well as 10 …
As New Mexico prepares to enroll tens of thousands of people into health plans, the state is revamping the government regulator that oversees insurance prices and policies. Under a constitutional change approved by voters this month, the regulation of insurance …
Connecticut Insurance Commissioner Thomas Leonardi praised passage of two new laws that give the state greater financial oversight of large, globally active insurance companies and makes the state a more attractive place for international reinsurers to do business. Governor Dannel …
A pragmatic, free-market take on insurance related issues from R Street Institute’s Eli Lehrer. A one-time boss of mine—a bearded gentleman who liked cigars, opera, candy and the Austrian School of economics—used to insist to me that the private sector …
A Republican Congresswoman took an opportunity during a hearing on Tuesday to ask U.S. Treasury Secretary Timothy Geithner why the Federal Insurance Office is late with its report on modernizing insurance regulation. The inquiry came from seven-term U.S. Rep. Judy …
