Insurance Regulation
California’s Next Steps: Picking the Right Cat Models and Staffing Up
Is $11 million too much to pay for a public catastrophe model? Does the California Department of Insurance have to hire a new contingent of specialists to understand private models, if those are ...Calif. Commish Calls for Biggest Reform Since Prop 103; Planned Fixes Detailed
California Insurance Commissioner Ricardo Lara announced a package of sweeping executive actions that include changes to the FAIR Plan, new rules for the review of climate catastrophe models, and ...Breaking: California to Offer Insurers More Leeway to Set Rates for Fire Risk
California's insurance commissioner announced a new regulatory plan on Thursday that would allow insurers to factor future climate risks into their pricing and require them to offer more coverage in ...Are Winds of Change Blowing on California Insurance Law?
It would be wrong to assume that California regulators and lawmakers are only now starting to ponder what to do about a potential insurance crisis in the wildfire-prone ...
NAIC to Collect Insurer Data to Understand Property Market Gaps
The National Association of Insurance Commissioners said at its Summer National Meeting that it plans to collect data from insurers in order to help insurance ...