The “balancing act” of insurance regulation across jurisdictions, policymakers, and stakeholders took center stage at the 18th Annual Networks Financial Institute Insurance Public Policy Summit on May 17 in Washington D.C....more
Election outcomes affect every industry. Insurance, however, is unique in the range of elected policymakers who can impact it directly — insurance commissioners, governors and Congress (not to mention state legislatures and...more
Faegre Drinker’s insurance team will once again be well-represented at the National Association of Insurance Commissioners’ Spring National Meeting from April 4-8 in Kansas City. As pandemic restrictions ease, we expect broad...more
Biden administration priorities, NAIC direction, diversifying the talent pipeline in the insurance space and the insurance industry’s response to the COVID-19 pandemic were among the issues covered during the 16th annual...more
At this point in the election cycle, we would be traditionally talking about the elections in the past tense. But among the many unique and interesting aspects of the 2020 elections is that the outcomes are still coming in,...more
We are less than a week from a presidential election, with control of Congress in play. Meanwhile, shifts in state legislatures have the potential to change the direction of policymaking and impact the redistricting process....more
State insurance departments across the country are continuing to provide guidance in response to the coronavirus outbreak. Faegre Drinker has aggregated a list of current guidance from state departments of insurance...more
State insurance departments across the country are continuing to provide guidance in response to the coronavirus outbreak. Faegre Drinker has aggregated a list of current guidance from state departments of insurance...more
State insurance departments across the country are continuing to provide guidance in response to the COVID-19 outbreak. In this update, Faegre Drinker spotlights the current Illinois Department of Insurance (Department)...more
State insurance departments across the country are continuing to provide guidance in response to the coronavirus outbreak. Faegre Drinker has aggregated a list of current guidance from state departments of insurance...more
As the run-up to the 2020 presidential election gathers steam, it’s easy to gloss over the major gubernatorial and insurance commissioner races slated for Fall 2019. These oddly scheduled elections (we’ve nicknamed them the...more
As baseball season gets underway, we’re reminded that you can’t tell the players without a scorecard. In Illinois, with a new Governor inaugurated in January and a mountain of fiscal challenges, you might say that you can’t...more
Last November’s election saw four newly elected insurance commissioners and 20 new governors (seven of which represent a shift from Republican to Democratic party affiliation). Meanwhile, influential insurance commissioners...more
Election Day is less than six weeks away, and a lot of attention is being paid (rightfully so) to the federal midterm and gubernatorial elections. But if you’re in the insurance industry, odds are you’re eyeing the...more
In April 2018, the Oregon Division of Financial Regulation issued a regulatory bulletin prescribing that auto insurers using sex or gender as a factor in setting rates must accommodate consumers who designate their sex as...more
They seem to come earlier every year, don’t they? Grab your seasonally spiced latte and huddle around the bonfire to read the final version of the Insurance Data Security Model Law (Data Security Model) adopted by the...more
The Department of Labor (DOL) has issued a proposed rule that could delay the applicability date of the Fiduciary Rule from April 10, 2017, until June 9, 2017. It is too early to know whether the proposed rule will become...more
As basketball fans (and casual observers alike) across the country prepare to fill out their brackets, the insurance industry is counting down to some key dates that will impact federal policy making. Here are important...more
On February 16, 2017, the House Financial Services Subcommittee on Housing & Insurance held a hearing entitled “Assessing the U.S.-EU Covered Agreement.” The hearing was the first opportunity for Committee members—or any...more
While Ohio made all the holiday bowl news, its Big Ten counterparts of Illinois, Indiana and Iowa have been making all the holiday news on leadership of insurance regulation. Since December 5, 2016, three Midwest states have...more
The worst kept secret in all of politics is, “What are the key swing states?” in any election. At this point if you live in Ohio, North Carolina, Florida or Nevada, you do not need a reminder. The outcome of these states, in...more
The insurance industry’s short-term strategy to oppose the Department of Labor’s proposed investment advisor fiduciary duty rule centered on a defunding initiative as part of the year-end appropriations process. That...more
The United States Department of the Treasury’s Federal Insurance Office (FIO) and the United States Trade Representative (USTR) jointly notified four key congressional committees that they were formally initiating...more