insurance regulation News

Diverse Candidates Running for California Insurance Commissioner

One way or another, California’s next insurance commissioner will be the first of his kind. The June 5 primary features Democrats Dr. Asif Mahmood and Sen. Ricardo Lara against former commissioner Steve Poizner. Mahmood would be the first Muslim to …

Tech Entrepreneur Poizner Wants Insurance Commissioner Job Back

Tech entrepreneur and unsuccessful gubernatorial candidate Steve Poizner announced Monday he’s running to take back his old seat as California’s top insurance regulator. This time, though, Poizner is running as an independent and not a Republican, the party he represented …

Federal Reserve Suggests Two-tier Capital Regulation for Insurers

Major insurers American International Group Inc. and Prudential Financial Inc. would be required to hold enough capital to head off risks to the U.S. financial system as part of a regulatory shakeup of the insurance industry proposed by the Federal …

New Mexico House Approves Insurance Regulator Overhaul

The House has approved a proposal for establishing an independent state office regulating the insurance industry in New Mexico. The measure will implement a constitutional amendment approved by voters in November to remove insurance regulation from the Public Regulation Commission. …