AB 226, still subject to governor's approval, allows likely $1 billion of borrowing to cope with strains on the state's insurer of last resort.

New law, SB 429, California Wildfire Public Catastrophe Model Act, depends on the state's university system and its resources to check insurers' and regulators' risk modeling.

A report by Weiss Ratings, based on state regulators' data, finds insurers more aggressively denied claims under the law, and claimants responded with more lawsuits.

Insurers need to adopt robust digital risk infrastructure capable of real-time analytics and integrated stress testing.

The home insurer's objections to an in-person public hearing with regulators are dismissed by a California administrative judge, along with efforts to separate and postpone wildfire claim handling complaints from the rate hearings.

Digital Insurance stories related to insurance regulation.

Leveraging GenAI and similar tools can predict attack plans, analyze vulnerabilities faster and remediate vulnerabilities before a breach or attack occurs.

Trinidad Navarro, insurance commissioner of Delaware, urged the National Association of Insurance Commissioners to continue developing a nationwide platform where insurance consumers can look up disciplinary and regulatory actions against agents.

AI's transformation across the insurance industry is making it difficult for compliance systems to keep pace with the changes.

Shifting towards regulation modernization to keep pace with rapidly evolving technologies.

Cuts to NOAA and NWS leave a gap in data collection that makes it harder for insurers relying on the data to accurately identify and mitigate weather and climate risks, regulation and science experts tell NAIC, the association of state regulators.

Parts of St. Louis, Missouri hit by a tornado on May 16 had high rates of uninsured properties, Brad Gerling, research data analysis manager at the Missouri Department of Commerce and Insurance, told NAIC's FEMA Working Group, at its summer meeting in Minneapolis on August 12.

NAIC, the association of state regulators, is expecting FEMA to send more of its responsibilities to state governments.

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.

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.