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 operate competitively, free from excessive price regulation,” said Robert Gordon, APCIA’s senior vice president, policy, research …
The state of U.S. insurance regulation is almost certainly not a topic for most families this holiday season. Yet there is much to be thankful for as well as areas where we can do better. First, let’s be thankful for …
Along with the rising cost of living in many facets of families’ daily lives, property insurance availability and affordability continue to be a challenge across the U.S. Inflation has been persistently increasing repair, labor, and medical costs. And legal system …
Consumers are hearing a lot about insurance difficulties around the country. The news from California and Florida and elsewhere about how disasters, skyrocketing premiums and carrier withdrawals are making coverages hard to find and afford naturally raises concerns in other …
The Pennsylvania Insurance Department (PID) reported that it has saved consumers $98.3 million in annual auto, home and other property/casualty insurance premiums in the first six months of 2024 through its review of insurance company rate filings. The vast majority …
In a change in regulatory practice, Connecticut has decided that all commercial lines claims made insurance forms and rates are now subject to full regulatory review. Citing compliance issues, Insurance Commissioner Andrew Mais issued a new bulletin (PC-63-24) on July …
A federal appeals court has declined to intervene in state regulatory proceedings in Maryland involving allegations of redlining by Erie Insurance, despite Erie’s complaints that the regulator has already shown bias against it and is likely to do so again. …
The Pennsylvania Insurance Department (PID) is reminding insurers of their obligation to conduct a physical inspection to confirm the type and extent of damage to a roof supposedly evidenced by aerial imagery. The regulatory agency said it has received consumer …
Vermont Governor Phil Scott has signed into law legislation updating certain sections of the state’s captive insurance statute including sections governing minimum capital requirements for agency captives and captives’ use of parametric contracts. The new law (H. 659) adds explicit …
Robert L. Carey was sworn in as Maine superintendent of insurance on February 28 after being confirmed by the state Senate. Carey brings more than two decades of experience advising state regulators and lawmakers on insurance policy, markets, and regulation. …
