NAIC Reciprocal Exchanges (E) Working Group Advances Proposed Amendments to Model 440 and Model 450
On July 22, 2026, the NAIC Reciprocal Exchanges (E) Working Group met virtually to discuss proposed amendments to the Insurance Holding Company System Regulatory Act (Model #440) and the Insurance Holding Company System Model Regulation (Model #450). Formed in November 2025 under the Financial…
The NAIC Data Breach: A Turning Point for Data Collection and Privacy in the Insurance Industry
On June 17, 2026, the National Association of Insurance Commissioners (NAIC) publicly disclosed that it had identified unauthorized access to its PeopleSoft systems. The breach—attributed to the threat actor group ShinyHunters and part of a broader campaign exploiting a zero-day vulnerability in…
NAIC Discloses Unauthorized Access to PeopleSoft Systems
Cybersecurity Incident at the National Association of Insurance Commissioners (NAIC) Overview On June 17, 2026, the NAIC publicly disclosed that it identified unauthorized access to its PeopleSoft systems on or about June 11, 2026. The NAIC activated its incident response procedures and is working…
National Association of Insurance Commissioners (NAIC) Spring 2026 Meeting Summary
The Mitchell Williams Insurance Regulatory team of lawyers recently attended the National Association of Insurance Commissioners (NAIC) Spring National Meeting which was held in San Diego, California. This summary highlights issues that various NAIC groups addressed. What You Need to Know: The…
When Selling Annuities Becomes Investment Advice: A Guide for Insurance Providers
For insurance companies and agents, the distinction between selling annuities and providing investment advice can blur unexpectedly. When annuity sales involve discussions about a client's securities portfolio or recommendations to liquidate investments to fund purchases, agents may inadvertently…