At the Spring 2024 National Meeting of the US National Association of Insurance Commissioners ("NAIC"), the Surplus Lines (C) Task Force (the "Task Force") met on March 16, 2024.
At the Spring 2024 National Meeting of the US National Association of Insurance Commissioners ("NAIC"), a number of sessions were focused on environmental.
On December 11, 2023, the Pennsylvania Insurance Data Security Act, 40 Pa. C.S.A. § 4501 et seq., went into effect. The Act, which is based on a model law from the National Association.
Widely reported allegations of fraud at an offshore company this past summer have drawn attention to the use of letters of credit (LOCs) to secure reinsurance obligations.
At the Summer 2023 US National Meeting of the National Association of Insurance Commissioners ("NAIC"), the Financial Condition (E) Committee (the "Committee").