Laws & Regulations

Agent Sues Berkshire Unit Over Agency's Collapse
Regulatory & Compliance Agent Sues Berkshire Unit Over Agency's Collapse

In the highly regulated and reputation-driven insurance industry, the accuracy of official documents can mean the difference between a thriving business and complete financial ruin. A recent lawsuit filed in federal court underscores this reality, as a once-successful Georgia insurance agent

Court Limits Insurer Liability for Historical Abuse
Regulatory & Compliance Court Limits Insurer Liability for Historical Abuse

When trauma from decades past surfaces in a modern courtroom, the ensuing legal battle often unearths an unexpected and formidable opponent: the fine print on an old insurance policy. A recent federal court decision has cast a harsh light on this very conflict, delivering a significant victory to

Insurer Sues Builder Over Unauthorized Defect Repairs
Regulatory & Compliance Insurer Sues Builder Over Unauthorized Defect Repairs

A builder's instinct to immediately satisfy a client by fixing a construction flaw can inadvertently trigger a catastrophic insurance dispute, a lesson currently unfolding in a high-stakes legal battle in Wyoming. The case, involving Scottsdale Insurance Company and Matarozzi Pelsinger Builders,

What Are the Rules for AI in UK Financial Services?
Regulatory & Compliance What Are the Rules for AI in UK Financial Services?

The United Kingdom is charting a distinct course for governing artificial intelligence within its financial services sector, opting not to create a new, AI-specific rulebook but instead to apply its existing and powerful regulatory frameworks to the technology. This strategy of "regulation by

AI Will Augment, Not Replace, Insurance Brokers
Regulatory & Compliance AI Will Augment, Not Replace, Insurance Brokers

The rapid ascent of autonomous artificial intelligence systems has sent ripples of both excitement and apprehension across the professional landscape, igniting a fervent debate about the future of work. For insurance brokers, this technological shift presents a pivotal moment, forcing them to

Can Pritzker Rein In State Farm's Rate Hikes?
Regulatory & Compliance Can Pritzker Rein In State Farm's Rate Hikes?

Illinois homeowners have been confronted with an unwelcome and significant financial burden as State Farm, a titan of the insurance industry, implemented an average premium hike of 27%, creating what many are describing as a moment of "massive sticker shock." This sharp increase in the cost of

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