Insurance Regulation
PwC’s Rao on Innovation
This article is part of our insurance innovators interview series. Anand Rao, Principal, PwC U.S. Advisory Practice Q1: In your view, what has been the greatest innovation in the P/C insurance ...
Illinois Signs Connecticut Insurance Dept. Acting Commissioner to Top Regulator Job
Gov. Bruce Rauner says he will appoint the acting commissioner of the Connecticut Insurance Department to be director of the Illinois Department of Insurance. Rauner's office made the announcement on ...
Florida Coast Developers Can’t Resist Building
Since eight hurricanes whipped through Florida during back-to-back seasons a decade ago, causing $33 billion in insurance claims, the state's coastal communities have added an additional 1.5 million ...
What State Insurance Regulators Say About Cybersecurity
In April, the Cybersecurity Task Force of the National Association of Insurance Commissioners adopted "Principles for Effective Cybersecurity: Insurance Regulatory Guidance," derived from similar ...
Guiding Insurance Professionals on NAIC’s New Cybersecurity Principles
In the wake of some of the largest insurance company data breaches, the National Association of Insurance Commissioners has followed on the heels of the Securities and Exchange Commission and has ...
Farmers Rolls Out Broad Ridesharing Endorsement for California
Farmers Insurance will become the first large California insurer to start offering a ridesharing insurance product on Thursday. In an announcement made at the Los Angeles office of California ...
Florida High Court Nixes Applying Medical Malpractice Cap Retroactively
A 2003 law capping medical malpractice lawsuit awards at $500,000 can't be applied retroactively. That's what the Supreme Court ruled in a Miami-Dade County case in which a woman suffered permanent ...
The 10 Do’s and Don’ts of the ORSA Summary Report
2015 marks the beginning of a new era of regulatory requirements for the insurance industry as many states have now adopted the Risk Management and Own Risk and Solvency Assessment ('ORSA') Model Act ...