Regulation and compliance
Regulation and compliance
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California's insurer of last resort faces regulatory orders and court fights over its funding and claims handling. The following articles track developments concerning the FAIR Plan in recent months.
August 13 -
Insurance industry advisors and groups say the INSURE Act proposal for a catastrophic reinsurance program won't solve rising prices and coverage crisis.
August 12 -
(Bloomberg) --A climate nonprofit is planning to revive a key federal database tracking billion-dollar weather disasters that the Trump administration formally stopped updating in May.
August 6 -
California's insurance regulator and a consumer advocacy group continue battles over the funding of the state's home insurer of last resort, and other issues.
August 1 -
The state's insurer of last resort has taken on more policyholders that private insurers deem too risky. The strain on the plan, worsened by the January wildfires, led the state's regulator to allow an assessment on policyholders to cover the higher risks.
July 23 -
Figures released by the state's insurer of last resort show double digit percentage increases over last fiscal year, and triple digit percentage increases since four years ago.
July 14 -
State senator Roland Gutierrez points to National Weather Service cuts, and denial of mitigation project funding. Former FEMA administrator says cuts will worsen disaster impact on smaller communities.
July 11 -
Bars and restaurants are still catching up on how to serve these products safely and compliantly.
July 9 -
After California's own insurer of last resort was held liable for smoke claims, and a probe of State Farm was launched, a new task force is ordered to set standards for smoke damage claims.
July 2 -
AITC co-founder Scott Harrison tells NAIC working group to avoid uncertain, imprecise definitions that could confuse compliance efforts.
June 29