A revolution is underway in California’s insurance market that could provide relief to homeowners in high-fire-risk neighborhoods who have found it difficult to find insurers to cover their homes, ...
At the end of last year, California issued emergency new insurance regulations giving insurers more freedom to raise premiums while also requiring them to extend coverage to wildfire-prone areas of ...
Much of the activity surrounding the state insurance regulation of artificial intelligence (“AI”) in the insurance industry this year was prompted by the NAIC Model Bulletin: Use of Artificial ...
California insurance regulators hope that new rules on forward-looking risk modeling, paired with a requirement for companies to write more policies in risky wildfire areas, will stem the state’s ...
A recent Tribune editorial accurately points out that California stands in stark contrast to Illinois as a cautionary tale on how to destroy a healthy insurance market. California’s insurance ...
Private equity firms have taken more significant investment and ownership positions in life insurance and annuity companies. The positives that come from private equity’s involvement include increased ...
In industries where government oversight is extensive—such as financial services, pharmaceuticals, freight rail and insurance—the idea of industry self-regulation may seem unnecessary or redundant.
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