Regulation/Legislation

Price and coverage transparency are top of mind for many regulators.

January meeting minutes show unease over uneven progress toward the 2% inflation target.

Issues RIMS will focus on in 2026 include third-party litigation funding and reauthorization of the NFIP.

Gov. Pritzker called for legislation to control rates after State Farm increased homeowners' premiums in the state by an average of 27.2%.

The bill designates insurance fraud as a Class B felony.

The report indicates workers in San Jose, Calif.; San Francisco; and New York City lose the most time value, exceeding $12,000 annually.