Insurance/Reinsurance Disputes Sidley Updates

Regulatory Update: National Association of Insurance Commissioners Spring 2026 National Meeting

Mon, 13 Apr 2026 05:00:00 Z

The National Association of Insurance Commissioners (NAIC) held its Spring 2026 National Meeting (Spring Meeting) March 22–25, 2026. This Sidley Update summarizes the highlights from this meeting in addition to interim meetings held in lieu of taking place during the Spring Meeting. Highlights include progress on addressing regulatory concerns related to indexed annuity illustrations, establishment of a new working group on market conduct modernization, exposure of a risk-based capital (RBC) adjustment framework for collateral loans, a Securities Valuation Office (SVO) report on resource strain caused by increased Private Letter Rating filings, multiple revisions to statements of statutory accounting principles (including guidance on sale-leasebacks, repurchase agreements and residential mortgage loans held in statutory trusts, and proposed disclosures for funding agreement-backed financing programs), and updates on the pilot phase of the AI Systems Evaluation Tool.

Regulatory Update: National Association of Insurance Commissioners Fall 2025 National Meeting

Tue, 23 Dec 2025 06:00:00 Z

The National Association of Insurance Commissioners (NAIC) held its Fall 2025 National Meeting (Fall Meeting) December 8–11, 2025. This Sidley Update summarizes the highlights from this meeting in addition to interim meetings held in lieu of taking place during the Fall Meeting. Highlights include evaluation of insurers’ use of funding-agreement-backed note (FABN) and funding-agreement-backed securities (FABS) programs, adoption of guidance regarding the risk transfer analysis for combination reinsurance contracts, discussion of a new committee structure for NAIC investment monitoring activities, and consideration of additional regulatory frameworks to address insurers’ use of artificial intelligence (AI).

Regulatory Update: National Association of Insurance Commissioners Summer 2025 National Meeting

Mon, 08 Sep 2025 05:00:00 Z

The National Association of Insurance Commissioners (NAIC) held its Summer 2025 National Meeting (Summer Meeting) August 10–13, 2025. This Sidley Update summarizes the highlights from this meeting in addition to interim meetings held in lieu of taking place during the Summer Meeting. Highlights include adoption of guidance on asset adequacy testing for reinsurance transactions, renewed focus on the risks of offshore reinsurance transactions, evaluation of insurers’ use of funding-agreement-backed note (FABN) and funding-agreement-backed securities (FABS) programs, and consideration of additional regulatory frameworks to address insurers’ use of artificial intelligence (AI).

AAA Revises Consumer and Employment/Workplace Arbitration Rules

Thu, 08 May 2025 05:00:00 Z

Regulatory Update: National Association of Insurance Commissioners Spring 2025 National Meeting

Wed, 07 May 2025 05:00:00 Z

The National Association of Insurance Commissioners (NAIC) held its Spring 2025 National Meeting (Spring Meeting) March 23–26, 2026. This Sidley Update summarizes the highlights from this meeting in addition to interim meetings held in lieu of taking place during the Spring Meeting. Highlights include continued development of guidance on asset adequacy testing for reinsurance transactions, efforts to develop revisions to the Long-Term Care Insurance Multistate Rate Review Framework, and consideration of amendments to the NAIC’s Purposes and Procedures Manual regarding private letter rating rationale reports.