Regulatory & Compliance

Will New PRA Rules Improve Liquidity Reporting for UK Life Insurers?
Regulatory & Compliance Will New PRA Rules Improve Liquidity Reporting for UK Life Insurers?

The Prudential Regulation Authority (PRA) has proposed new regulations requiring large British life insurers to report their liquidity positions daily during market crises. This move comes in response to the information gaps identified during financial turmoil triggered by the global COVID-19

December 12, 2024
FTC Acts Against Mobilewalla, Gravy Analytics for Data Privacy Violations
Regulatory & Compliance FTC Acts Against Mobilewalla, Gravy Analytics for Data Privacy Violations

The Federal Trade Commission (FTC) has recently taken significant actions against data brokers Mobilewalla and Gravy Analytics for unlawfully tracking and selling consumer data without their consent. These actions underscore the FTC's commitment to protecting consumer privacy and preventing

December 9, 2024
Are Climate, Cyber, and Collectibles Threats to High-Net-Worth Families?
Regulatory & Compliance Are Climate, Cyber, and Collectibles Threats to High-Net-Worth Families?

Affluent households, particularly those with assets ranging from $500,000 to $5 million, face a unique set of risks and concerns. The 2024 Wealth Report by Chubb highlights three primary areas of concern: climate change, cyber risks, and the protection of high-value collectibles. These issues are

December 9, 2024
State-Level Insurance Regulatory Actions: Fraud, Fines, and Innovations
Regulatory & Compliance State-Level Insurance Regulatory Actions: Fraud, Fines, and Innovations

The recent regulatory roundup highlights various state-level legislative and compliance actions within the insurance sector across the United States, emphasizing insurance fraud, new regulatory initiatives, and significant compliance-related fines. This comprehensive summary aims to outline the key

December 6, 2024
How Will New York's New Laws Impact Health Insurance for Pregnant People?
Regulatory & Compliance How Will New York's New Laws Impact Health Insurance for Pregnant People?

A groundbreaking legislative package signed by Governor Kathy Hochul aims to expand health insurance coverage for pregnant individuals in New York, marking a significant shift in the landscape of maternal health care. This new legislation mandates that health insurance plans must now enroll

December 3, 2024
IBCCC Report Urges Brokers to Enhance Compliance and Transparency
Regulatory & Compliance IBCCC Report Urges Brokers to Enhance Compliance and Transparency

The Insurance Brokers Code Compliance Committee (IBCCC) has published its Annual Report for 2023-24, highlighting critical areas where the Australian insurance broking industry needs to improve. The report underscores concerns about transparency, breach reporting, remuneration disclosure, and

December 2, 2024
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