Connecticut Ratchets Up Oversight Of Global Insurers

Law360, New York (June 6, 2012, 1:39 PM EDT) -- Connecticut's governor signed off on two laws Monday to boost financial oversight of globally active insurers and potentially draw more foreign reinsurers to the state, making Connecticut the latest state to follow the National Association of Insurance Commissioners' model laws.

The move comes just after the California Senate approved similar laws based on the NAIC models. Virginia, Florida, Indiana, New York and New Jersey have already greenlighted amendments to reduce collateral requirements for reinsurers, though the changes to Florida's law only apply to the property and...
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