Insurance is unique in the financial services industry in that most insurance products are largely, if not exclusively, regulated by the states, including the District of Columbia, and not by agencies of the federal government This diverse yet comprehensive regulatory scheme presents significant ongoing challenges for insurers and insurance-related industries.
Venable is well positioned to represent parties before state insurance regulatory bodies. The firm has represented insurers in major regulatory and compliance matters, including issues involving the review and approval of transactions, extraordinary dividend distributions, rates, market conduct reviews, and consumer complaints.
- Insurance Coverage and Disputes
- Policy and Risk Assessment