Worldwide: Insurance

In a closely followed development, the National Association of Insurance Commissioners (NAIC) has adopted rules governing when a life reinsurance contract combining both yearly renewable term...

On December 9, 2025, the Reinsurance (E) Task Force, which reports to the Financial Condition (E) Committee, met to discuss, among other things, its ongoing projects at the NAIC...

Thus far in 2025, property & casualty runoff and legacy transactions activity has remained resilient across a range of loss portfolio transfers (LPTs), adverse development covers (ADCs), and portfolio sales.

On December 18, 2025, the Fourteenth Court of Appeals issued its latest opinion on an Owner Controlled Insurance Program ("OCIP") and reaffirmed the broad scope of coverage under the Texas Workers' Compensation Act when such programs are in place.

The United States District Court for the District of New Jersey, applying New Jersey law, held that a bad faith claim against an insurer must be dismissed when it is rooted in the same conduct as the breach of contract claim, absent additional factual predicates.

The Alaska Division of Insurance has issued new guidance for Third Party Administrators (TPAs) operating in the state. Bulletin B 25-09, published on Dec. 2, 2025, highlights changes made by Alaska Senate Bill 132...