Regulation & Compliance
Notable Rating Actions This Week: Mercury General, Sentry’s The General
Among the ratings announcements from AM Best this week were those reacting to an uncertain California wildfire loss estimate and a Midwest personal lines acquisition. *** Mercury General's AM Best ...
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 from climate policy to ...
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. *** Badger Rating Benefits from ...
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 ...