United States: Department Of Financial Services Issues Guidance On Group Capital Calculation Exemptions - Kramer Levin Naftalis & Frankel LLP

Crisis in Haiti , Could Drive Another Wave of , Illegal Immigration in the US. 'Newsweek' reports that the United States could be facing another wave of illegal immigration driven by refugees fleeing Haiti. On March 11, President Ariel Henry said he would resign amid widespread gang violence and a breakdown of law and order. An estimated 80% of Port-au-Prince, the Haitian capital, are under the control of armed gangs. An estimated 80% of Port-au-Prince, the Haitian capital, are under the control of armed gangs. We are alert to that possibility. The driving conditions in Haiti could very well press more people [to migrate], Rebecca Zimmerman, Department of Defense official, via 'Newsweek'. Thomas Gift, the head of the Centre on U.S. Politics at University College London, warned that a deepening immigration crisis would pose a serious challenge for the Biden administration. Fair or unfair, anything that highlights the immigration crisis is a net negative for Biden at the moment, Thomas Gift, the head of the Centre on U.S. Politics at University College London, via 'Newsweek'. To the extent that the tragedy in Haiti puts a new refugee story in the headlines, it will only make the immigration issue more salient for American voters. , Thomas Gift, the head of the Centre on U.S. Politics at University College London, via 'Newsweek'. At the same time, Biden's hands will no doubt be tied by progressive groups who will insist that the White House not repatriate refugees back to Haiti given the huge political instability in the country, Thomas Gift, the head of the Centre on U.S. Politics at University College London, via 'Newsweek'. According to a Monmouth University survey, 84% of voters in the U.S. consider illegal immigration a "serious" or "very serious" issue. In 2021, Florida Governor Ron DeSantis declared a state of emergency after hundreds of migrants from Haiti and Cuba arrived by boat. An estimated 146,000 Haitian migrants were encountered at the U.S. border between October 2020 and May 2023

Insurers that outsource investment management to affiliates should consider new guidance from insurance regulators on such arrangements. On March 19, 2024,...