Regulation

The New York Department of Financial Services has issued updated disaster response and recovery plan requirements for all insurance companies in the state

The Kansas state government has passed a bill to update and modernise its captive insurance law

The UK government has guaranteed continued access to UK markets until 2020 for Gibraltar-based financial services firms, regardless of the Brexit deal

A bill proposing additional assistance for homeowners impacted by the ‘crumbling foundations’ issue in Connecticut has been rejected by the state’s judiciary committee

A new bill has been passed by the Georgia State Senate allowing insurers domiciled in the state to divide into multiple parts in order to separate themselves from unwanted exposures

The UK Government intends to amend the Reinsurance (Acts of Terrorism) Act 1993 to enable an extension of the cover provided by Pool Re, the government-backed terrorism reinsurer

Delaware has introduced a captive insurance bill which increases the authority of the State’s insurance commissioner