A new sector-wide body could help ensure that Britain's financial regulators fully comply with their new ...
Texas approves 36 double-digit homeowners insurance rate hikes in Q3'23
Texas regulators signed off on 36 double-digit rate increases in the third quarter, three of which were the most-impactful hikes in the entire US during the period....
Texas regulators signed off on 36 double-digit rate increases in the third quarter, three of which were the most-impactful hikes in the entire US during the period....
Article / 6 months ago
In shift, California will let catastrophe models be used in rate-setting process
California's insurance department will soon allow carriers use catastrophe modeling when making rate filing requests, but additional regulatory...
California's insurance department will soon allow carriers use catastrophe modeling when making rate filing requests, but additional regulatory...
Article / 6 months ago
Fla. P&C insurers still raising rates after market reform laws take effect
Florida's residential property insurers are taking a cautious approach when estimating how industry reforms passed in late 2022 will impact their premium...
Florida's residential property insurers are taking a cautious approach when estimating how industry reforms passed in late 2022 will impact their premium...
Article / 9 months ago
Fla. insurer of last resort now top 10 US homeowners writer amid market turmoil
Ongoing tumult in Florida's property market has turned Citizens Property Insurance Corp. into one of the largest writers of homeowners insurers in the...
Ongoing tumult in Florida's property market has turned Citizens Property Insurance Corp. into one of the largest writers of homeowners insurers in the...
Article / 10 months ago
After sizable surplus slide, Calif. auto insurer reiterates rate hike urgency
Weeks after warning that the lack of rate increases on its California private-passenger auto book "puts [our] ability to continue business at...
Weeks after warning that the lack of rate increases on its California private-passenger auto book "puts [our] ability to continue business at...
Article / 1 year ago
Texas approves most impactful homeowners rate hikes in Q4'22
U.S. states employ a variety of rate regulation mechanisms, including prior approval, modified prior approval, file and use, and use and file....
U.S. states employ a variety of rate regulation mechanisms, including prior approval, modified prior approval, file and use, and use and file....
Article / 1 year ago
After lengthy COVID delay, California approves multiple auto rate hikes in Q4'22
After a moratorium that lasted for more than two years following the start of the COVID-19 pandemic, California finally started to approve personal auto insurance...
After a moratorium that lasted for more than two years following the start of the COVID-19 pandemic, California finally started to approve personal auto insurance...
Article / 1 year ago
La. insurance regulator 'optimistic' on cat reforms despite reinsurance squeeze
Louisiana's insurance commissioner hopes the state's new capital rules will spur carriers to buy more reinsurance even though coverage is getting...
Louisiana's insurance commissioner hopes the state's new capital rules will spur carriers to buy more reinsurance even though coverage is getting...
Article / 1 year ago
Fate of Fla. property insurance market at stake as special session looms
Reinsurance programs and excessive litigation are among the issues to be addressed when lawmakers get together to tackle the Sunshine State's property insurance crisis...
Reinsurance programs and excessive litigation are among the issues to be addressed when lawmakers get together to tackle the Sunshine State's property insurance crisis...
Article / 2 years ago
Ga. regulators OK commercial auto rate hikes in February
Georgia regulators signed off on 62 rate increases in the month, which stands to boost aggregate written premiums industrywide by $58.7 million...
Georgia regulators signed off on 62 rate increases in the month, which stands to boost aggregate written premiums industrywide by $58.7 million...
Article / 2 years ago