Regulation & Compliance
No Sugarcoating: Availability Before Affordability, Calif. Regulator Says
If the old adage "As California goes, so goes the nation" is true, then 2024 will be another year of industry retooling as insurers and regulators set a path for the future of the U.S. P/C property ...
Saying Goodbye to 2023: When Will California’s Insurance Crisis End?
"Sorry, America, Your Insurance Has Been Canceled" The words were printed on an iconic Time magazine cover from 1986 depicting a bolt of lightning striking a distant American flag positioned at the ...
AM Best Revises James River Group Outlook to Negative
AM Best has revised the outlook for James River Group Holdings Ltd and most of its subsidiaries and has downgraded the credit ratings of JRG Reinsurance Company. The ratings agency has revised the ...
Title Insurer Reports Another Cybersecurity Event; Fitch Monitoring Ratings
Less than a month after New York insurance regulators said a title insurer would pay $1 million for violations of a cybersecurity regulation stemming from a 2019 breach, the holding company for the ...
California Commish Warns Insurers About Auto Insurance Consumer Complaints
California Insurance Commissioner Ricardo Lara issued an official notice to insurers regarding consumers who have been reporting issues obtaining auto insurance coverage. The California Department of ...
Florida Insurers Got Creative About Reinsurance in ’23: KBRA
Things are looking up in the buffeted Florida market, but reinsurance rates will continue to rise for the next two years, and a 2024 hurricane season could be busy. It all suggests that property ...
S&P Upgrades Lloyd’s Financial Strength Rating to AA-
S&P Global Ratings has revised its financial strength rating for Lloyd's of London to "AA–", outlook stable, from "A+", outlook stable. The rating upgrade reflects the improvement in Lloyd's ...
European Union Agrees Landmark Deal Governing Use of Artificial Intelligence
Europe on Friday reached a provisional deal on landmark European Union rules governing the use of artificial intelligence including governments' use of AI in biometric surveillance and how to ...