A bipartisan group of representatives co-sponsored the bill, aiming to make permanent and expand eligibility for a deduction previously offered for 14 years.

The McCarran-Ferguson Act was enacted in 1945 and regulates insurance at the state level to create a competitive market.

An administrative law judge began hearings on an interim emergency homeowners insurance rate increase by State Farm General, the insurer's California unit. Attorneys for State Farm say the company's finances require the increase, to keep insurance available in the state. Opponents say only risk is a valid reason, not protecting the insurer's finances.

DORA applies to roughly 22,000 entities in the EU and violators can face fines of up to 2% of gross revenue.

With the uncertain status of the federal disaster response agency and NOAA climate and weather forecasting and research, NAIC hears about how disaster relief could depend on volunteer organizations, and difficulty getting storm and climate predictions.

The issues are hindering the Federal Deposit Insurance Corp.'s ability to meet its regulatory duties, according to the agency's Office of Inspector General. 

Compliance professionals working to prevent financial crimes are losing their faith in AI to solve more problems than it causes.

While the 22% average increase for homeowners insurance is provisionally approved by California's regulator, the carrier will have to get capital from its parent company to help cover its risks.

As the number of underwriting rules increases, they create a maze of redundant and sometimes conflicting conditions.

Climate events drive up claims and premiums, federally published data and state regulators efforts show. While some say more climate mitigation efforts are needed, insurers' efforts to write coverage are questioned.