GAO Urges Changes to NFIP as Study Highlights Potential $27B Shortfall
FEMA's National Flood Insurance Program (NFIP) substantially improved ratemaking by implementing Risk Rating 2.0 in 2021, but the program faces a potentially significant ...
Government
Climate Change Lawsuits More Than Double in Five Years
The number of court cases related to climate change has more than doubled in five years as impacts ranging from shrinking water resources to dangerous heatwaves hit home for ...
Delaware vs. IRS: Fight Over Captive Insurers’ Data Privacy Headed to Supreme Court
The state of Delaware is going to the Supreme Court in its fight with the Internal Revenue Service over the release of information on captive insurers. This fight has placed Delaware's state ...
State Insurance Regulation of Climate Issues ‘Fragmented’: FIO Report
The Federal Insurance Office (FIO) has released a new report analyzing climate-related issues and gaps in U.S. insurance supervision and regulation, saying state regulatory efforts are fragmented and ...
Insolvency Cost: Florida Tapping Muni Bond Market For First Time In Decades
The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million by selling municipal bonds, according to preliminary offering documents. It is ...
Court Rules U.S. Must Pay For Contributing to 2011 Mo. River Flooding
The U.S. government may have to pay tens of millions of dollars—or more—to landowners along the Missouri River after a court ruled it worsened flooding there since 2007 that killed crops and ...
New Railroad Rule Would Require Alert to First Responders Within 10 Miles of Derailment
Federal regulators want first responders to a train derailment to know exactly what they are dealing with even before they reach the scene, because the dangerous chemicals trains carry might require ...
Senators Ask Auto Safety Agency to Reconsider Stance on Massachusetts Auto Law
Two U.S. senators on Thursday urged the National Highway Traffic Safety Administration (NHTSA) to reconsider its decision to tell automakers not to comply with a recently effective Massachusetts ...
NHTSA Proposes Automatic Emergency Braking Requirements for New Vehicles
The U.S. government's auto safety agency plans to require that all new passenger cars and light trucks include potentially life-saving automatic emergency braking and meet stricter safety standards ...
U.S. Warns China Could Hack Infrastructure, Including Pipelines, Rail Systems
The U.S. State Department has warned that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, ...