Tag: insurance regulation

House Collapses in Buxton Prompt Safety Warnings and Highlight Insurance Risks

House Collapses in Buxton Prompt Safety Warnings and Highlight Insurance Risks

Buxton house collapses highlight coastal erosion risks and insurance gaps. CHNS issues safety warnings; regulatory action on insurance policies discussed.

Pennsylvania's Act 77 Targets PBM Practices Amid Pharmacy Closures

Pennsylvania's Act 77 introduces new regulations on pharmacy benefit managers to address pharmacy closures and improve transparency in drug pricing and reimbursements, impacting 24% of the state's insurance market.

Texas Has 6th-Highest Insurance Burden Nationally Amid Rising Premiums

Texas holds the sixth-highest insurance burden in the U.S., driven by rising home and auto premiums, severe weather risks, and litigation costs impacting market dynamics.

2025 Life Insurance Stress Test Shows Strong Solvency Amid Market Shocks

The 2025 Life Insurance Stress Test reveals strong solvency levels among UK life insurers under severe market shocks, highlighting resilience and key regulatory focal points for future oversight.

California DOI Announces Reappointments to Key Insurance Advisory Committees

California Department of Insurance reappoints members to key advisory committees enhancing consumer protection, investment strategies, and diversity in the insurance industry.

Montana Legislators Pursue Study to Address Rising Homeowners Insurance Costs

Montana Legislature advances HJ 61 mandated study to analyze rising homeowners insurance premiums, data gaps, and market challenges. Key steps sought to enhance transparency and affordability.

California Wildfire Insurance Crisis Escalates in Rural High-Risk Areas

California's rural high-fire-risk areas face escalating homeowners insurance challenges as insurers retreat amid growing wildfire risks. The state's FAIR Plan surges with last-resort coverage, while regulatory efforts aim to stabilize the market.

Oklahoma Homeowners Insurance Rates Driven by Losses and Market Dynamics

Explore how market concentration, loss payouts, and regulatory frameworks impact homeowners insurance premiums in Oklahoma amid rising natural disaster claims and inflation.

Florida's Citizens Property Insurance Shrinks as Private Insurers Gain Customers

Florida's Citizens Property Insurance Corp. sheds nearly 200,000 policies as private insurers expand, marking lowest policy levels since 2021. Depopulation program and regulatory reforms drive market shift amid hurricane risk.

Florida's Hurricane Fund Retention Formula Inflates Insurance Premiums

Florida's automatic increase in the Hurricane Catastrophe Fund retention contributes to higher homeowners insurance premiums by driving up reinsurance costs. Resetting the retention threshold could lower premiums and improve market stability.