Insurance Regulation Archives - Page 2 of 58

Regulators Run Alongside Speeding AI Train: What the NAIC Model Bulletin Means for Insurers

In an industry where the pace of regulation is often described with references to snails and turtles, the NAIC's adoption of a model bulletin on carriers' use of ...

What’s in New York’s Latest AI Circular?

A month-and-a-half after the NAIC adopted a model bulletin on carriers' use of Artificial Intelligence Systems, the New York Department of Financial Services issued a ...

No Sugarcoating: Availability Before Affordability, Calif. Regulator Says

If the old adage "As California goes, so goes the nation" is true, then 2024 will be another year of industry retooling as insurers and regulators set a path for the future of the U.S. P/C property ...

Saying Goodbye to 2023: When Will California’s Insurance Crisis End?

"Sorry, America,

Your Insurance

Has Been Canceled"

The words were ...

Title Insurer Reports Another Cybersecurity Event; Fitch Monitoring Ratings

Less than a month after New York insurance regulators said a title insurer would pay $1 million for violations of a cybersecurity regulation stemming from a 2019 breach, the holding company for the ...

California Commish Warns Insurers About Auto Insurance Consumer Complaints

California Insurance Commissioner Ricardo Lara issued an official notice to insurers regarding consumers who have been reporting issues obtaining auto insurance coverage. The California Department of ...

Florida Commish, NAMIC Push Back on Federal Climate Change Data Call

Florida's insurance commissioner and the National Association of Mutual Insurance Companies are pushing back against a plan by the U.S. Treasury to collect data from insurers on risks from climate ...

NAIC Approves Model Bulletin on Use of AI by Insurers

Members of the National Association of Insurance Commissioners (NAIC) voted to adopt the Model Bulletin on the Use of Algorithms, Predictive Models, and Artificial ...

Calculating Targeted California Returns on Surplus

The National Association of Insurance Commissioners (NAIC) 2022 Report on Profitability by Line and by State provides a comparison of the rates of return on net worth for the last 10 years (through ...

Permitted After-Tax Returns for California Insurers (2012-2021)

Since reinsurance costs are ultimately a substitute for direct costs of capital, we can better understand the ratemaking process in California by understanding how companies are allowed to ...