Regulation & Compliance

Trump’s SEC Leader Shifts Power From Investors to Boardrooms

New policies from the top U.S. securities regulator hand corporate boards more power over investors in ways that could curtail investor-initiated reform efforts on everything ...

Not So Fast: State Farm Didn’t Prove Its Case for Rate Hike, CDI Says

California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22 percent rate request from State Farm, instead calling a meeting with the carrier to get some answers about the ...

AM Best Data Insights: FAIR Plan, E&S Growth Soars in California

A newly published AM Best report reveals the extent to which California homeowners policyholders have turned to the state's insurer of last resort and to the nonadmitted market for insurance in ...

Notable Rating Actions This Week: Rural Mutual, Everest Group, Prime Insurance

Among the ratings announcements from AM Best this week were those reacting to a mutual company affiliation, a reserve charge and the results of an E&S writer.

LA Fire-Related Capital Hit Prompts State Farm Emergency Rate Request

State Farm General Insurance revealed that it has asked the California Department of Insurance to approve an "interim emergency" homeowners insurance rate hike, citing declining capital and a ...

APCIA: Insurance Markets Work Best Without Excessive Price Regulation

The American Property Casualty Insurance Association (APCIA) recently released a report that concludes over-regulation impedes insurance markets "Insurance markets function best when allowed to ...

Insurance Commissioner Orders Advance Payments on Claims for LA Wildfire Survivors

California Insurance Commissioner Ricardo Lara is asking all California insurance companies to provide advance payments on claims for Los Angeles wildfire survivors. Lara's Jan. 23 order is designed ...

NY Proposes Plan to Stabilize Broken Taxi Insurance Market

New York Governor Kathy Hochul proposed measures to stabilize the city's taxi and rideshare insurance industry, which is reeling from the insolvency of its largest provider American Transit Insurance ...