Regulation & Compliance
Dozens of State Attorneys General Urge Congress Not to Block AI Laws
Republican and Democratic attorneys general from 35 states, and the District of Columbia, urged congressional leaders on Tuesday not to block state laws governing artificial intelligence, warning of ...
U.S. E&S Outlook No Longer Positive: AM Best
AM Best has revised its market segment outlook on the U.S. excess and surplus lines segment to stable from positive, the rating agency announced in mid-November. The change comes as rates soften and ...
APCIA: House Judiciary Committee Must Pass Litigation Funding Disclosure Reforms
The American Property Casualty Insurance Association (APCIA) continues to throw support behind two bills scheduled for markup Nov. 18 by the House Judiciary Committee. Committee member Rep. Darell ...
Everest Group’s AM Best Rating Outlook Now Negative; IQUW Under Review
Reacting to developments at Everest Group and IQUW this week, AM Best has issued statements about the ratings of the two companies. Everest Group Rating Affirmed But Outlook Revised AM Best announced ...
Workers Compensation Continues to Lead P/C Industry With Strong Profits
Although economic uncertainty could affect insurers in the near to midterm, the workers compensation line continues to be a key driver of the profitability of the entire property/casualty insurance ...
California Department of Insurance May Revoke Tesla Insurance Licenses
Elon Musk once promised that the "nightmare" experience of auto accident claimants would turn into a dream with Tesla Insurance. It hasn't, according to California's insurance regulator. Alleging ...
7 Years of Double-Digit Growth; New Players on Top 25 E&S Insurers List
2024 marked the 7th straight year of double-digit growth for the U.S. excess and surplus lines market, but the top 25 players no longer command 70 percent of the pie, according to a new report. AM ...
Two Upgrades and a Downgrade: Rating Actions on CinFin, Next, Erie
Actions announced by credit rating agencies early this month included Fitch's upgrade of Cincinnati Financial Corporation's ratings, AM Best's upgrade of Next Insurance US and downgrade of Erie ...