Insurance Regulation
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 ...
Insurers Fume at Proposal That May Crimp Private Investments
Representatives of the multitrillion-dollar insurance industry are hurling criticism at a proposal that could make it harder to invest in deals sold in fast-growing private markets that offer higher ...
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 ...
Louisiana Blueprint: How to Repair Florida’s Home Insurance Market
Florida's home insurance market has been in crisis for years, and recent tort reform aims to reduce claims costs by putting an end to frivolous lawsuits, a welcome development in a state where ...
Florida Regulators Now Reviewing Rate Hikes of 14%, 62% and 103%
Three Florida insurance carriers, one large and two small, are seeking approval for major rate increases, with one condominium policy increase as high as 103 ...
Is the Broken Florida Homeowners Insurance Market Finally Fixed?
Between 2017 and 2022, 11 property and casualty insurers writing mainly homeowners insurance in Florida, where they were domiciled, were declared insolvent and placed in ...