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Expert Analysis

A New Kid On The Block For Massachusetts Insurers: ORSA

By Richard Glovsky and William Primps (September 20, 2017, 10:16 AM EDT) -- The adoption by Massachusetts of the National Association of Insurance Commissioners' model Own Risk Solvency ("ORSA") Act on Jan. 11 of this year (effective April 1, 2017) was a watershed moment for the risk management framework and processes for Massachusetts insurers. On the other hand, it is not as ominous as it might appear....

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