Regulation & Compliance
Insurance Regulators Defend State-Led Model in Reply to Warren
The National Association of Insurance Commissioners defended its supervision of Wall Street's influence over insurers and their bets on private credit, as the group seeks to dispel US Senator ...
Pritzker Signs Bills Giving Insurance Department Power to Overturn Rate Changes
Illinois Governor J.B. Pritzker this week signed legislation that gives the state's insurance department authority to object rates it deems are excessive, inadequate, or unfairly discriminatory. HB ...
Can Reinsurers Maintain Underwriting Discipline or Will ‘Irrational’ Competition Return?
The reinsurance industry's robust earnings and abundant capital, evident since 2023, have led to increasing competition and a softening market. "The key question is whether reinsurers can maintain ...
NAIC Says Data Taken in Hack Has Been Published Online
The National Association of Insurance Commissioners (NAIC) now says the data taken earlier this month from its information technology systems has been published online by the hackers responsible. In ...
Kim and Allen Lead Voting in California Insurance Commissioner Primary
Democrats Jane Kim and Ben Allen led voting in Tuesday's race for California insurance commissioner, making them the current favorites to advance to the Nov. 3 primary. However, insurance agent Stacy ...
Illinois Passes Legislation to Give Insurance Department Oversight of Rate Changes
Illinois lawmakers passed a pair of bills that gives the insurance department the authority to review homeowners and auto rate filings to determine whether they are excessive. The insurance industry ...
Who Will Be California’s Next Insurance Commissioner?
The race for the California Insurance Commissioner post has drawn 11 candidates covering several parties, and backgrounds that include two insurance agents, a former broker, a state legislator and a ...
The Race for California Insurance Commissioner: Meet Steve Bradford
Democrat Steve Bradford, an education organization board member, previously served in the California State Senate, the state Assembly and on the Gardena City Council. His plans include addressing ...