insurance regulators News

NC Commissioner, Firefighters Question New Law Making Fire Marshal a Separate Office

North Carolina’s Republican supermajority in the legislature has thrown a curveball to the state’s insurance commissioner and fire marshal, a position that until recently has mostly stayed above partisan politics. A late change to the state’s $30 billion budget, approved …

Insurance Regulators: Mitigation, Solvency Are Keys to Surviving Climate Change

The United States will not be able to insure its way out of coming climate disasters, but must focus on mitigation and resiliency – along with insurer solvency — to reduce risk and exposure, insurance regulators said Wednesday. Insurance commissioners …

Q&A With Florida Commissioner Altmaier, an Agent Turned Regulator

Florida Insurance Commissioner David Altmaier is just about to complete his first full year in the position since taking over for Kevin McCarty last May, and there hasn’t been a dull moment since he took the post. Altmaier, 35, is …

Allianz Says Investments in Roads, Grids Lack Political Support

Allianz SE said a lack of political support prevents investors from contributing more money to infrastructure projects such as roads or power and gas grids. “Politicians are still convinced infrastructure has to be provided by the government — we might …

Delaware Regulators Recovered $1.8M for Consumers, Commissioner Says

Delaware Insurance Commissioner Karen Weldin Stewart said through Department of Insurance interventions, Delawareans recovered $1,827,923 in the first nine months of 2011. The breakdown of the restituted funds consists of complaints ($580,303); arbitration ($592,930); and market conduct ($654,690). The Commissioner …