This article provides an excellent overview of the challenges insurers face in drafting policy language that keeps pace with the fast-evolving use of artificial intelligence. The author discusses how multiple insurers faced the challenge of defining what is “artificial intelligence”
InsureReinsure
InsureReinsure, published by Troutman Pepper Locke, focuses on the regulatory and compliance aspects of surplus lines insurance. The blog covers topics such as the distinctions between admitted and surplus lines markets, the roles and responsibilities of surplus lines brokers, and the regulatory frameworks governing group insurance under the Nonadmitted and Reinsurance Reform Act (NRRA). It also addresses state-specific insurance developments, including licensing, tax obligations, and enforcement actions. Additionally, the blog discusses industry leadership changes, state regulatory bulletins, and emerging issues like the use of artificial intelligence in insurance. The content is aimed at professionals navigating the complexities of surplus lines and insurance regulation.
Latest from InsureReinsure - Page 7
Practical Licensing Challenges & Solutions for Producers, Brokers, Adjusters & Other Intermediaries
This article was originally published on Insurance Journal and is republished here with permission as it originally appeared on November 3, 2025.
Anyone in the insurance brokerage world generally knows the three magic words that require an insurance producer license:…
Important Guidance on Third-Party Service Provider Cyber Risk
Key Point: All businesses struggle with cybersecurity risks presented by their service providers. New guidance from the NY DFS applies to all DFS regulated entities, but the guidance would assist any business in any industry in addressing these risks.
On…
When Surplus Lines Brokers Are Off the Hook: Connecticut Department Issues Bulletin on New Diligent Effort Exception
On October 10, 2025, the Connecticut Department of Insurance (the Department) issued Bulletin SL-6 (the Bulletin) to restate the requirements generally applicable to surplus lines placements, and to advise that the diligent effort exception established by Public Act 25-87, effective…
Can Illinois Insurance Regulators Request Nationwide Homeowners Policy Information Under Examination Laws?
On October 10, 2025, the Illinois attorney general, on behalf of the Illinois insurance director, filed a complaint in the Circuit Court of Cook County, Chancery Division, Case No. 2025 CH 10454, against a large group of Illinois domestic property…
California Commissioner Announces Proposed Changes to Proposition 103 and Intervenor Process
In a press release dated September 19, 2025, Commissioner Ricardo Lara announced proposed changes to California’s rate review and intervenor system. The state’s intervenor system, initially established by Proposition 103 in 1988 and last updated in 2006, currently authorizes “intervenors”…
New York Amends Voidable Transactions Law for Application to Federal Home Loan Banks
On September 26, 2025, Governor Kathy Hochul of New York signed into law AB 5600 (the Bill), which amends N.Y. Ins. Law §7425 to address the treatment of voidable transfers involving Federal Home Loan Banks (FHLBs), as well as the…
NYDFS Announces Leadership Change: Adrienne Harris to Step Down, Kaitlin Asrow Named Acting Superintendent
New York Governor Kathy Hochul announced today that Adrienne Harris will step down as superintendent of the New York State Department of Financial Services (NYDFS), effective October 18. Following Harris’s departure, Hochul has appointed Kaitlin Asrow to serve as acting…
New York Legislators Investigate Residential Property Insurance
What Happened
In a press release published August 25, New York Senators James Skoufis, Jamaal Bailey, and Brian Kavanagh announced a joint investigation into residential property insurance. The purpose of the investigation is “to identify the causes of reported…
Colorado Division of Insurance Expands AI Governance and Framework Regulation to Private Passenger Auto and Health Benefit Plan Insurers
On August 20, 2025, the Colorado Division of Insurance (Division) amended Regulation 10-1-1 to expand its existing limited applicability to insurers offering individual life insurance to apply to insurers offering private passenger auto and health benefit plans effective October 15,…