Compliance

Regulatory change management solution for insurers now designed to deliver daily updates with a variety of reports and analysis.

The Committee urges the Federal Insurance Office to submit its long overdue reports, including those on the insurance industry in general and recommendations to modernize and improve the U.S. regulation.

Trade agreements could enhance regulatory cooperation and efficiency, promote competition, and prevent regulatory gaps and overlaps.

NILS INsource and NILS INcompass products designed to help monitor, implement regulatory changes.

Analysis from HealthPocket Inc., a health insurance information site for consumers, shows that health insurers have some work to do in the areas of out-of-pocket expenses and transparency. The analysis indicates that 38 percent of plans did not disclose their deductible within its annual out-of-pocket limits, concealing the full amount a person could pay if the “Summary of Benefits” was not read carefully. Once these deductibles are factored in, many plans are not compliant with the Affordable Care Act (ACA).

Recent survey reveals cyber risks to be the biggest business concern; insurer develops mobile app in response.

PCI lists 21 states discussing legislation that would allow drivers to use electronic insurance IDs on smart devices.

Novarica survey identifies longer-term threats and opportunities for both P&C and life/annuity insurers.

New flood maps and building codes are expected in less than two years.

After President Obama reintroduced Richard Cordray as the long-term head of the Consumer Finance Protection Bureau yesterday, many were still calling for restructuring.

IMF Report says mandatory reinsurance cessions regulations are protectionist, hinder market access and growth.

A day after the National Association of Insurance Commissioners announced former U.S. Sen. Ben Nelson (D-Neb.) will be the organization’s new CEO, several industry groups have commented on the appointment.

With Own Risk and Solvency Assessment regulatory requirements approaching, P&C insurers believe the process will improve the link between their company’s enterprise risk management efforts and capital and strategic planning, according to a new Towers Watson survey.

Making agents’ lives easier with these technology advances should be on every insurer's to-do list this year, according to IIABA’s Agents Council for Technology and ACORD’s User Group Information Exchange.

Governor decries "one size fits all" system, calls for reforms to the state's no-fault auto insurance policies.

Reserving software is now adapted for evolving regulatory requirements.

The clarification of certain rules, as well as information security, were among the topics discussed in two meetings this week.

In response to President Obama’s nomination of White House Chief of Staff Jack Lew as Treasury Secretary, the Property Casualty Insurers Association of America expressed its eagerness to working with Lew.

Report from the U.S. Government Accountability Office also finds some potential risks to consumers and insurers.

Lincoln Financial Group recently announced the appointment of James DelBello as SVP and head of business law and compliance, effective immediately.