Regulatory Updates

Shortly before his inauguration, Ohio Gov. Mike DeWine announced his nominees for members of the Cabinet, including his nominee for director of the state’s Department of Insurance. Read on for more details.

The new director of the Michigan Department of Insurance and Financial Services started her new position Jan. 14. Read on for more details.

The National Association of Insurance Commissioners (NAIC) has named its 2019 committee chairs and vice chairs. The association also assigned members to the organization's standing committees based on preferences, experience and requirements established by the NAIC's Bylaws. Read on for more details.

The New York State Department of Financial Services recently issued guidance to all entities regulated by the department to enunciate principles institutions should take into account when developing a whistleblowing program. Read on for more details.

Days before being sworn in as governor of Minnesota, Gov. Tim Walz announced the appointment of several department heads, including Steve Kelley as the commissioner of the Department of Commerce. Read on for more details.

Effective Jan. 1, 2019, the state of Hawaii had a new insurance commissioner after the director of the state’s Department of Commerce and Consumer Affairs named a new commissioner. Read on for more details.

Wisconsin Governor-elect Tony Evers continued to fill out his cabinet with the announcement of four more appointments including a new insurance commissioner. Read on for more details.

The Treasury Department recently issued the National Money Laundering Risk Assessment 2018, identifying money laundering threats, vulnerabilities and risks that the United States faces. Among other things, the report touched on the title insurance geographic targeting orders, cybertheft and the need to uncover beneficial owners of legal entities. Read on for more details.

Due to the partial government shut down that went into effect at 12:01 am ET on Dec. 21, the Federal Emergency Management Agency said it will not issue any new contracts for flood insurance under the National Flood Insurance Program during its lapse in authority. But after heavy criticism from industry members, who expressed concern over scheduled closings that could be delayed or canceled because of the policy, the agency reversed course a day later. Read on for more details.

On Dec. 19, New York Department of Financial Services Superintendent Maria Vullo announced that she will leave the DFS in February. She has had an active role in several initiatives, including cybersecurity regulation and title insurance regulations that are the subject of a lawsuit in the state’s appellate court. Read on for more details.