Regulation/Legislation

Industry representatives and officials break down key parts of the FIO regulation modernization report.

Some industry groups contend the FIO's regulation modernization report did not go far enough in highlighting the positives of state-based regulation. Others say that was not the point of the report.

The long-delayed U.S. Treasurys Federal Insurance Office modernization report concludes that the debate at present is not whether insurance regulation should be state-based or federal, but whether there are areas in which federal involvement in regulation under the state-based system is warranted.

Coastal premiums in Alabama are 300% to 600% higher than other parts of the state, but hurricane losses cost less than losses from inland perils, an Alabama homeowners' group says.

Motorists in Florida are now permitted to show proof of motor-vehicle insurance on their electronic devices.

Enhanced version helps insurers become more compliant with rating agency and ORSA requirements while measuring inflationary trends and their impact on profits.