The Department of Treasury’s Federal Insurance Office finalized its proposed Climate-Related Financial Risk Data Collection. The FIO in June released a report analyzing climate-related issues and gaps in U.S. insurance supervision and regulation, calling state regulatory efforts fragmented and limited. …
The National Association of Insurance Commissioners is moving to amend its climate disclosure survey – and insurers may not like it. The Climate Risk Disclosure Survey is a voluntary risk management tool for state insurance regulators to request from insurers …
The Kansas Insurance Department announced the state has received accreditation from the National Association of Insurance Commissioners for the next five years. The NAIC is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators …
Connecticut is continuing to engage with the insurance industry on climate change and its implications with its latest release of a national survey on climate risk in the insurance industry. Previously one of six states nationally conducting the National Association …
The Pennsylvania Insurance Department (PID) is joining with other states around the country in conducting the National Association of Insurance Commissioners’ (NAIC) Climate Risk Disclosure Survey. The survey allows insurers to report on climate-related risks and opportunities and will provide …
Rhode Island Governor Dan McKee has vetoed legislation regarding auto body insurance claims that he said would ultimately burden consumers. “While I recognize the stated intent of this bill is to protect consumers, and there are portions of this legislation …
A task force of the National Association of Insurance Commissioners is asking the board of directors of the Casualty Actuarial Society to reverse a decision rescinding a “statement of principles” of the profession, Carrier Management recently reported. The CAS action …
The Connecticut Legislature’s Insurance & Real Estate Committee held a public hearing this week on what is believed the country’s first bill requiring insurance companies to disclose the premiums they receive from fossil fuels. The bill, Senate Bill 1047, could …
The country’s insurance regulators are vowing to prioritize the monitoring of the use of consumer and non-consumer data by companies, the use of artificial intelligence, and the availability and affordability of insurance products for racial minorities. They say they will …
Arkansas Insurance Commissioner Allen Kerr has been named chairman of the Market Regulation and Consumer Affairs (D) Committee of the National Association of Insurance Commissioners (NAIC) for 2020. This is the second time Kerr will serve as chair of the …
