regulators News

Takeaways from Our Conversation with Cannabis Regulators Group

Model regulations states can follow for their cannabis industries may be just around the corner. Such guidelines are in place for state insurance regulators from the National Association of Insurance Commissioners. The insurance industry has NAIC. Cannabis has CANNRA. The …

Former Massachusetts Power Plant Manager Sentenced for Emissions Fraud

A former manager of a western Massachusetts power plant has been sentenced to probation after pleading guilty to tampering with emissions equipment and submitting bogus reports to regulators in violation of the federal Clean Air Act. Fred Baker, of Southampton …

California Regulators Order PG&E to Pay $1.6B for Deadly Gas Blast

California regulators imposed the largest penalty in the agency’s history, ordering PG&E Corp. to pay $1.6 billion for failures that led to a deadly 2010 natural gas pipeline explosion in a San Francisco suburb. A faulty weld on the pipeline …

Wyoming Firm Fined More Than $15,000 For Deadly Fall

Wyoming regulators have fined a modular home construction company more than $15,000 in the death of a worker last year in Grand Teton National Park. The Jackson Hole News & Guide reported that the state Department of Workforce Services cited …

AIA Comments on Latest IAIS Draft Rules on Global Insurance Supervision

The American Insurance Association has submitted comments in response to the International Association of Insurance Supervisors’ (IAIS) July 2, 2012 Public Consultation Document entitled “Working Draft of the Common Framework for the Supervision of Internationally Active Insurance Groups” referred to …

Texas Regulators Fine Loya Insurance for Improper Ads

Texas regulators have fined Loya Insurance Co. $300,000 for what investigators call unfair and deceptive business practices. The Department of Insurance also says Loya failed to file accurate information on rates for its 210,000 drivers in Texas. The company has …

Barton, Nelson Promoted at Missouri Department of Insurance

Two veteran insurance regulators at the Missouri Department of Insurance have been appointed to division director positions. Matt Barton was picked to lead the Consumer Affairs Division and Angela Nelson is now director of the Market Regulation Division Barton has …