Insurance News
Regulatory updates in plain English
Stay current with the latest from CMS, state departments of insurance, NAIC, the Federal Register, and Congress — rewritten so you can actually understand what it means for your practice.
Acting Superintendent Kaitlin Asrow Secures $2.25 Million Cybersecurity Settlement with Delta Dental
The Acting Superintendent, Kaitlin Asrow, has reached a settlement of $2.25 million with Delta Dental due to a cybersecurity issue. This settlement is aimed at addressing the data breach that affected many individuals. Insurance agents should stay informed about this development as it highlights the...
DFS Acting Superintendent Kaitlin Asrow Issues Guidance to Regulated Entities on Cybersecurity Considerations in a Heightened Threat Environment
The New York Department of Financial Services (DFS) has issued new guidance regarding cybersecurity for insurance companies and other regulated entities. This guidance is especially important due to the increasing number of cyber threats. It emphasizes the need for these organizations to strengthen ...
Social Security Ruling, SSR 26-2p; Titles II and XVI: Documenting and Evaluating Disability in Young Adults
A new ruling called SSR 26-2p has been issued, which affects how disabilities are documented and evaluated for young adults. This ruling replaces the previous SSR 11-2p and aims to clarify the policies related to this process. Insurance agents should familiarize themselves with these changes to ensu...
Agency Information Collection Activities: Notice of Intent To Extend Collection 3038-0059: Part 41, Relating to Security Futures Products
The Commodity Futures Trading Commission (CFTC) is seeking public feedback on its plan to continue collecting certain information related to security futures products. This is part of a requirement to notify the public and allow 60 days for comments before moving forward. Insurance agents should be ...
Rescission of Obsolete Regulations Addressing Drug Addiction and Alcoholism Under Titles II and XVI of the Social Security Act
The government has removed outdated rules related to drug addiction and alcoholism that were part of the Social Security Act. This change affects how these issues are handled under certain social security programs. Agents should be aware of this update and ensure they are informed about current regu...
Retirement Security Rule: Definition of an Investment Advice Fiduciary: Notice of Court Vacatur
A recent court decision has overturned the 2024 rule that defined who qualifies as a 'fiduciary' under the Employee Retirement Income Security Act (ERISA). This also affects the amendments made to a specific exemption related to prohibited transactions. As a result, the original text of the exemptio...