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Vermont regulator rises to the top in Captive Review s annual

Share: MONTPELIER, Vt. (PRWEB) May 31, 2021 Captive Review, a leading London-based trade publication for the captive insurance industry, has released their annual Power 50 and Ones to Watch selections. These polls recognize the most influential individuals in the global captive insurance industry. A record fourteen captive insurance professionals with ties to Vermont were recognized. Sandy Bigglestone, Director of Captive Insurance at the Vermont Department of Financial Regulation, was one of only two regulators recognized and the highest-ranking, climbing 10 spots from the 2020 poll to number 7 in this year s Power 50. Sandy manages Vermont s captive regulatory operations and licensing and monitoring of the financial condition of captive insurers domiciled in Vermont.

Climate Change and State Insurance Regulation Changes After Biden EO

President Biden’s May 20, 2021, executive order laid out an aggressive plan to address climate change risk, including a set of directives that will have a major impact on the operations of federal government and on regulation of financial markets participants.

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Climate Change and State Insurance Regulation: What Could Change After President Biden s May 20 Executive Order | McDermott Will & Emery

To embed, copy and paste the code into your website or blog: US President Joe Biden’s May 20, 2021, executive order laid out an aggressive, whole-of-government plan to address climate change risk, including a set of directives that will have a major impact on the operations of the federal government and on the regulation of financial markets participants. While the effects on regulation of banks and financial services companies are somewhat clearer, state-regulated insurance companies face a murkier, less well-defined future. This On the Subject reviews recent developments in climate change risk management in the United States and in Europe, and outlines some of the challenges that lie ahead.

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