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The Federal Insurance Office (FIO) of the U.S. Department of the Treasury (Treasury) has issued a Request for Information (RFI) seeking public input on climate-related financial risks and their impact on the insurance industry. The RFI requests written comments from interested parties on or before November 15, 2021. As background, the FIO points out that […]
NIMA announced in recent days that it has adopted a premium allocation method for distributing surplus lines premium taxes on casualty insurance. A NIMA release indicates that the newly adopted method will streamline the allocation and distribution of surplus lines premium taxes for surplus lines brokers and member states. NIMA believes it remains on track to launch its Surplus Lines […]
The Financial Stability Oversight Council is seeking comments on an advance notice of proposed rulemaking. Comments must be received by November 5, 2010, and should be submitted using the federal eRulemaking portal. The Dodd-Frank Wall Street Reform and Consumer Protection Act gives the Financial Stability Oversight Council the authority to require that a nonbank financial […]
