state regulation News

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 …

Supreme Court to Hear Free Speech Complaint by NRA Against New York Regulator

The U.S. Supreme Court last Friday agreed to hear an appeal by the National Rifle Association of a case in which it accuses a New York insurance regulator of violating its free speech rights when she urged insurance companies and …

Erie Insurance Takes Its Case Against Maryland Regulator to Appeals Court

Erie Insurance Co. is taking its tiff with the Maryland insurance commissioner over the handling of discriminatory practices findings to federal appeals court. The insurer maintains that the Maryland Insurance Administration has not afforded it adequate opportunity to respond to …

NAIC to Ask for Data to Better Understand Property-Market Availability, Affordability

The National Association of Insurance Commissioners said at its Summer National Meeting that it plans to collect data from insurers in order to help insurance regulators better understand property markets, especially when it comes to availability affordability. “The increasing frequency …

NCOIL Writes IRS, FTC on Rules it Says Infringe State Regulation

The National Council of Insurance Legislators last week urged the Internal Revenue Service and the Federal Trade Commission to reconsider proposed rules that the organization said encroaches on state regulation. The first of the letters from NCOIL addresses a years …

State Regulators Need to Improve ‘Fragmented’ Efforts to Assess Insurers’ Climate Risks: FIO

The Federal Insurance Office (FIO) has released a new report analyzing climate-related issues and gaps in U.S. insurance supervision and regulation, saying state regulatory efforts are fragmented and limited. FIO, part of the U.S. Department of the Treasury and formed …

Regulatory Weaknesses, Politics Driving Marketplace Exits, Industry CEOs Say

A trio of property/casualty carrier executives voluntarily offered their views on a growing insurance availability crisis in a state like California at an industry conference last week, pointing to regulatory disconnects and political issues as drivers. “I have real question …

States Consider Ban on Cosmetics With ‘Forever Chemicals’

A growing number of state legislatures are considering bans on cosmetics and other consumer products that contain a group of synthetic, potentially harmful chemicals known as PFAS. In Vermont, the state Senate gave final approval this week to legislation that …