Climate-related risks are becoming an increasing challenge for insurers, the U.S. Treasury Department said, urging state regulators to step up their so-far “limited” efforts to address the issue.
Tag: insurance regulation
NAMIC Hails Heck-Budd Bill to Protect State Insurance Regulation
The National Association of Mutual Insurance Companies applauded the introduction of legislation to protect state-based insurance regulation from being undermined by international regulatory standard-setting bodies. The International Insurance Standards Act of 2019, introduced Sept. 27 by Reps. Denny Heck, D-Wash., and Ted Budd, R-N.C., would prohibit United States representatives engaged in international insurance negotiations from… Continue reading NAMIC Hails Heck-Budd Bill to Protect State Insurance Regulation
Vermont Again Tops R Street’s 2017 Insurance Regulation Report Card
For the fourth straight year and the fifth time in six years, Vermont was judged to have the best insurance regulatory environment in the United States, according to the R Street Institute’s 2017 Insurance Regulation Report Card. Driven largely by changes made in its regulatory environment through the H.B. 80 legislative package, Delaware for the first time… Continue reading Vermont Again Tops R Street’s 2017 Insurance Regulation Report Card