State Regulators Need to Improve ‘Fragmented’ Efforts to Assess Insurers’ Climate Risks: FIO June 28, 2023 By Chad Hemenway The Federal Insurance Office (FIO) has released a new report analyzing climate-related issues and gaps in U.S. insurance supervision and...
Regulatory Weaknesses, Politics Driving Marketplace Exits, Industry CEOs Say June 28, 2023 By Susanne Sclafane A trio of property/casualty carrier executives voluntarily offered their views on a growing insurance availability crisis in a state like...
States Consider Ban on Cosmetics With ‘Forever Chemicals’ April 11, 2023 By Lisa Rathke A growing number of state legislatures are considering bans on cosmetics and other consumer products that contain a group of...
Massachusetts to Investigate First Republic Executives’ Stock Sales: Reuters March 31, 2023 By Chris Prentice Massachusetts regulators have opened an investigation into sales of company stock by top executives at First Republic Bank in the...
Connecticut Regulator Opposes Letting Self-Storage Businesses Sell Insurance to Tenants March 14, 2023 Owners of self-storage businesses in Connecticut want to be able to sell property insurance to their tenants but the state...
Pennsylvania Gov. Shapiro Wants Humphreys to Remain as Insurance Commissioner January 18, 2023 Newly sworn-in Pennsylvania Gov. Josh Shapiro is assembling his team and has selected Mike Humphreys to be the state’s insurance...
Virginia Lawmakers Again Fail to Fill Vacancy on Key Regulatory Agency September 9, 2022 By Sarah Rankin Virginia lawmakers elected a handful of local judges Wednesday but failed yet again to fill a vacancy on the powerful...
Man-Made Crises Threaten P/C Markets, Says Joint Report From Trade Associations August 24, 2022 By Chad Hemenway Several insurance industry trade associations used the 30th anniversary of Hurricane Andrew – a storm that upended and transformed insurance...
New Jersey Court Upholds State Regulator in Dispute With Applied Underwriters May 2, 2022 By Andrew G. Simpson The New Jersey insurance commissioner does not have to rely upon the state’s attorney general to bring a lawsuit against...
Maryland Authorizes Remote Rather Than On-Site Reviews of MGAs April 19, 2022 Insurance companies can conduct remote rather than on-site reviews of their managing general agents in Maryland beginning in October. Gov....