State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
NAIC Responds to Budget Critique, Noting Increased Demands, Decreased State Funds
By Elizabeth D. FestaThe evolving nature of insurance regulation and market uncertainty require more of an operating reserve, while federal and global initiatives bearing down on state regulation require more interfacing with authorities in Washington and abroad, and travel, the NAIC says, defending its proposed 2012 budget.
December 01, 2011
Wild Growth of Elderly in West, Census Shows (NBC)In California, the population of adults over age 65 has grown 18 percent since 2000. With a much-touted long-term care crisis in front of us, this could pose a substantial problem for the state.
November 29, 2011
HHS Charts Progress with State Exchanges, Details Extensions, TweaksRhode Island becomes the first state to receive a Level Two exchange grant, while HHS details ways in which it is showing flexibility in working with state regulators to facilitate the creation of exchanges, as well as actions states should be taking now.
November 23, 2011
Unclaimed Property Issue Better Suited to Federal Level?I have not been an advocate of federal insurance regulation replacing state insurance regulation, but I have to admit that, in certain instances, federal oversight seems to make sense. The unclaimed property model law comes to mind.
November 11, 2011
Annuity Players Adopt Their Own Suitability StandardsEven after the defeat of 151A, the annuity industry has seen increased regulatory scrutiny, including California enacting an annuity suitability law. But providers say they welcome it.
November 08, 2011
Moody’s: AIG, MetLife, Prudential Cross SIFI ThresholdMoody's has echoed industry watcher's assumptions that MetLife, AIG, and Prudential will be deemed SIFI. The silver lining is that being designated as a SIFI will limit their ability to assume outsized risk thus bolstering their financial health.
November 02, 2011
Unum Exec Comments on LTCI RatesUnum Chief Financial Officer Richard McKenney says the company's individual LTCI rates will be going up.
October 28, 2011
Crowdfunding Bill Paves Way for Fraud: NASAAA bill that would allow crowdfunding for businesses has regulators worried that investors would be left unprotected.