Vermont continues to maintain its position as a trailblazer in the captive insurance industry, thanks to its persistent efforts to modernize and adapt its regulatory framework. The recent amendments to Vermont’s captive insurance statutes, signed into law by Governor Phil Scott on May 19, signal a r
The insurance industry is undergoing profound changes as political dynamics increasingly influence its operations, significantly fueled by organizations like the National Association of Insurance Commissioners (NAIC) and the International Association of Insurance Supervisors (IAIS). These groups,
As the Canadian insurance industry undergoes substantial transformations, the focus has primarily been on adapting regulatory frameworks to an evolving global market. Recent shifts in legislation reflect a comprehensive strategy aimed at fortifying consumer protection while fostering competitive
In recent times, Chile's insurance industry has experienced notable advancements in growth and regulatory development, garnering attention from global stakeholders. The influential credit rating agency, AM Best, has sustained its stable outlook on the country’s insurance sector. This appraisal
In recent years, Baltimore's real estate landscape has been hit hard by fraudulent activities led by ABC Capital, a Philadelphia-based real estate investment firm. Charged with the devastating responsibility of altering the city’s property market, ABC Capital became notorious for misleading i
In a significant development within the UK's insurance sector, David Otudeko has recently been appointed as the Director of Regulation at the Association of British Insurers (ABI). This promotion comes after Otudeko served as Assistant Director and Head of Prudential Regulation since June 2021
