state regulation News

Federal Court Won’t Intervene in Erie Insurance Tiff With Maryland Regulator

A federal appeals court has declined to intervene in state regulatory proceedings in Maryland involving allegations of redlining by Erie Insurance, despite Erie’s complaints that the regulator has already shown bias against it and is likely to do so again. …

Insurers Must Physically Inspect to Confirm Damage Cited by Aerial Imagery

The Pennsylvania Insurance Department (PID) is reminding insurers of their obligation to conduct a physical inspection to confirm the type and extent of damage to a roof supposedly evidenced by aerial imagery. The regulatory agency said it has received consumer …

Vermont Updates Its Captive Insurance Law Again

Vermont Governor Phil Scott has signed into law legislation updating certain sections of the state’s captive insurance statute including sections governing minimum capital requirements for agency captives and captives’ use of parametric contracts. The new law (H. 659) adds explicit …

Carey Assumes Post as Maine Insurance Regulator

Robert L. Carey was sworn in as Maine superintendent of insurance on February 28 after being confirmed by the state Senate. Carey brings more than two decades of experience advising state regulators and lawmakers on insurance policy, markets, and regulation. …

Supreme Court Seems to Favor NRA in Free Speech Case Against Insurance Regulator

Supreme Court justices appeared receptive Monday to National Rifle Association claims that a former New York state official violated its free-speech rights by pressuring banks and insurance companies to blacklist the group after the deadly school shooting in Parkland, Florida. …

NAIC Names Bay State Insurance Commissioner as CEO

The National Association of Insurance Commissioners over the weekend announced Massachusetts Insurance Commissioner Gary D. Anderson as the organization’s chief executive officer. Anderson will start leading the NAIC by May 1, after completing his service as the Massachusetts Insurance Commissioner. …

States Scramble to Catch Up on Oversight as AI Pervades Everyday Life

While artificial intelligence made headlines with ChatGPT, behind the scenes, the technology has quietly pervaded everyday life — screening job resumes, rental apartment applications, and even determining medical care in some cases. While a number of AI systems have been …

Maine Gov. Mills Nominates Consultant Carey to Be Superintendent of Insurance

Maine Governor Janet Mills has nominated Robert L. Carey of East Boothbay, who has advised state regulators and lawmakers on health insurance issues for decades, to serve as Superintendent of the Maine Bureau of Insurance. Prior to establishing his own …

Virginia Lawmakers Advance Nominees to Fill Powerful Regulatory Agency Vacancies

Virginia lawmakers nominated experienced attorneys on Tuesday to fill two long-standing vacancies on the state’s powerful regulatory panel that oversees interests ranging from utilities to insurers. The openings on the three-judge State Corporation Commission have gone unfilled, in one case …

Pennsylvania Slashes Insurance Licensing Fees, Speeds Up Application Reviews

The Pennsylvania Insurance Department (PID) announced the removal of certain fees associated with insurance licensing forms and faster review times for pending applications. “Accelerating our review time for pending license applications and removing unnecessary fees will help PID better serve …