Insurance industry advisors and groups say the INSURE Act proposal for a catastrophic reinsurance program won't solve rising prices and coverage crisis.

(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.

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.

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.

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.

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.

Bars and restaurants are still catching up on how to serve these products safely and compliantly.

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.

AITC co-founder Scott Harrison tells NAIC working group to avoid uncertain, imprecise definitions that could confuse compliance efforts.

Commissioner Ricardo Lara announced greater transparency to come for FAIR Plan data, plus a broadening of coverage to commercial properties, homeowner associations and affordable housing.

Nissan Motor Acceptance Corp. has applied for an industrial loan company charter, joining General Motors and Ford in hoping for better prospects for approval under the Trump administration.

After the L.A. fires, a regulator's probe of State Farm claims practices and a looming wave of lawsuits expose gaps in the legal responsibilities of both insurers and policyholders.

Highlights from speakers and sessions at the Insurtech Insights conference and surrounding events in New York from June 3-5.

The law, set to go into effect later this year, was introduced to prevent potential money laundering in all-cash purchases made by companies or trusts.

The state's regulator said the insurer must show it will cover more homeowners, and be more transparent. Consumer advocates want more concessions, saying the insurance crisis can't be solved on the backs of homeowners.

U.S. and global insurance regulators have been paying more attention to AI operations. Insurers are advised to watch how they use AI for pricing and guard against bias.

As the Federal Deposit Insurance Corp.'s Deposit Insurance Fund inches toward replenishment, acting Chair Travis Hill suggested that banks should be assessed on a range of metrics rather than insured deposits alone.

Insurers must monitor state and federal regulations closely because they are constantly changing.

The Task Force on Climate-related Financial Risks won't be disbanded, according to people familiar with the matter.

Consumer Watchdog says increase was not justified, while insurance commissioner points to concessions gained from the insurer.