INSURASALES

Tag: Insurance Regulation

Louisiana Eyes Mandatory Insurance Discounts for Fortified Roofs to Tackle Premium Crisis

Louisiana Eyes Mandatory Insurance Discounts for Fortified Roofs to Tackle Premium Crisis

Louisiana plans to implement mandatory insurance premium discounts for homeowners with fortified roofs as part of efforts to address the state’s ongoing property insurance crisis and high premiums.

Warning  Against Limited-Benefit or 'Junk' Health Insurance Plans

Warning Against Limited-Benefit or 'Junk' Health Insurance Plans

Rhode Island Attorney General warns consumers about limited-benefit 'junk' health insurance plans during open enrollment, highlighting risks and official resources for legitimate coverage.

Kyle Busch Lawsuit Highlights Risks of Indexed Universal Life Insurance for Retirement

NASCAR star Kyle Busch’s lawsuit reveals the risks of Indexed Universal Life policies marketed as tax-free retirement plans. Learn about the hidden costs and regulatory concerns.

Florida Insurance Reforms Drive Rate Decreases and Market Stability

Florida's 2023 insurance reforms, including HB 837, have led to auto and property insurance rate decreases, increased market competition, and reduced litigation impacts, stabilizing the insurance marketplace.

Congress GOP Members Urge FHFA to Reconsider Homeowners Insurance Rules

Congress members led by Rep. McDowell ask FHFA to reconsider homeowners insurance mandates limiting Actual Cash Value policies to improve affordability and flexibility in federally backed mortgages.

Illinois House Rejects Homeowners Insurance Rate Regulation Bill

Illinois House rejects bill to empower Department of Insurance to regulate homeowners insurance rates amidst rising premiums and regulatory debates.

North Carolina Requests 68% Increase in Dwelling Insurance Rates Over Two Years

North Carolina insurers seek a 68.3% average rise in dwelling insurance premiums across two years to address rising storm damage claims and construction cost inflation. Regulatory review underway.

California's Fire Insurance Rules Face Challenges Despite Regulatory Overhaul

California's 2023 insurance reforms aimed to secure homeowners in fire-prone areas but reveal loopholes allowing rate hikes without broad coverage. FAIR plan reliance doubles amid escalating policy nonrenewals.

NAIC CEO Gary Anderson Steps Down; Jeff Johnston Named Interim Leader

NAIC CEO Gary Anderson resigns effective Oct 29. Jeff Johnston named interim CEO as NAIC plans budget growth and regulatory modernization, including AI and risk-based capital updates.

Illinois House Rejects Bill to Regulate Homeowners Insurance Rates

Illinois lawmakers reject a bill granting the Department of Insurance authority to regulate homeowners insurance rates amid industry concerns and State Farm's significant rate increases.