Regulators

How Will the Court of Appeal's Ruling Impact Insurance Claims?
Regulatory & Compliance How Will the Court of Appeal's Ruling Impact Insurance Claims?

A recent ruling by the Court of Appeal, which overturned a previous decision by the Technology and Construction Court, is expected to have far-reaching implications for insurance claims. The case involved Lonham Group and Scotbeef, a meat wholesaler that had engaged chilled and frozen storage

Will The Crop Insurance For Future Farmers Act Aid New Farmers?
Regulatory & Compliance Will The Crop Insurance For Future Farmers Act Aid New Farmers?

In the ever-evolving agricultural landscape, securing financial stability for beginning farmers has become a critical concern. This has led to the introduction of bipartisan legislation, the Crop Insurance for Future Farmers Act, which aims to enhance crop insurance protections for farmers

Florida Probes Insurers for Profit Manipulation Through Affiliates
Regulatory & Compliance Florida Probes Insurers for Profit Manipulation Through Affiliates

Florida insurance regulators have come under scrutiny after a study, initially commissioned in 2021, revealed potential profit manipulation by insurance companies through affiliate firms. Investigations uncovered significant disparities between losses reported by insurers and profits enjoyed by

Ohio Regulators Propose Making Annuity Issuers' RBC Ratios Secret
Regulatory & Compliance Ohio Regulators Propose Making Annuity Issuers' RBC Ratios Secret

In an effort to refine how Risk-Based Capital (RBC) ratios are perceived and utilized, Ohio regulators have put forward a proposal that could significantly alter the landscape of transparency in the insurance sector by making annuity issuers' RBC ratios confidential. RBC ratios serve as a

How is AI Regulation Shaping the Future of Insurance Underwriting?
Regulatory & Compliance How is AI Regulation Shaping the Future of Insurance Underwriting?

The insurance industry is undergoing a revolutionary transformation with the integration of artificial intelligence (AI). The widespread adoption of AI promises to offer unprecedented efficiency and accuracy in the underwriting process, but it also raises fundamental issues that need to be

How Are Florida Republicans Reforming the Insurance Industry?
Regulatory & Compliance How Are Florida Republicans Reforming the Insurance Industry?

Amid a mounting property insurance crisis in Florida, a concerted effort by the state’s Republican lawmakers has materialized to introduce significant reforms aimed at closing loopholes, increasing transparency, and ensuring financial stability. Leading this initiative is Senator Blaise Ingoglia, w

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