Regulators

Insurance Regulators, Trades Get Behind Latest Effort to Abolish FIO

Life Insurance /
Insurance Regulators, Trades Get Behind Latest Effort to Abolish FIO

The nation’s insurance commissioners and industry trade associations are looking to support efforts to put the Federal Insurance Office (FIO) back on the chopping block. Late last week, Rep. Troy Downing, R-Mont., introduced the McCarran-Ferguson Restoration Act to eliminate the FIO. Of course, the McCarran-Ferguson Act was passed in 1945 to solidify states’ regulatory authority […]

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Railroads and Their Regulators Thwart Safety Fixes, Analysis Finds

Auto Insurance /
Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins

Human errors and track defects caused more than 3,000 rail accidents over the last decade, killing 23 people and injuring nearly 1,200. Yet federal railroad regulators failed to implement most of the safety recommendations that emerged from accident investigations. That’s according to an original analysis by the Howard Center for Investigative Journalism at the University

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Governments, Regulators Increase Scrutiny of Chinese AI Startup DeepSeek

Life Insurance /
Governments, Regulators Increase Scrutiny of Chinese AI Startup DeepSeek

Chinese AI startup DeepSeek, which said in January it had developed an AI model to rival ChatGPT at much lower cost, has come under scrutiny in some countries for its security policies and privacy practices. According to its own privacy policy, DeepSeek stores numerous pieces of personal data, such as requests to its AI program

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Georgia Regulators Approve Huge Electric Generation Increase for Data Centers

Health Insurance /
Georgia Regulators Approve Huge Electric Generation Increase for Data Centers

Georgia’s only private electric utility plans to increase power capacity by 50% after state regulators on Friday agreed 5-0 that the plan is needed to meet projected demand from data centers. It would be one of the biggest build-outs in the U.S. to meet the insatiable electricity demand from developers of artificial intelligence. The construction

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Michigan Regulators Approve State’s First Hyperscale Data Center

Health Insurance /
Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins

Despite criticism that they were acting too fast, state utility regulators last week approved DTE Energy’s proposal to supply power for Michigan’s first hyperscale data center — while tacking on a host of conditions that aim to protect ratepayers from subsidizing the facility. The approval, made over shouts of disapproval from onlookers gathered in a

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Florida OIR to Host its Own Insurance Summit in April With Regulators, Industry Leaders

Health Insurance /
Florida OIR to Host its Own Insurance Summit in April With Regulators, Industry Leaders

The Florida Office of Insurance Regulation will host its own insurance summit in April, calling it a chance to hear from industry professionals and regulators, Insurance Commissioner Michael Yaworsky announced this week. Yaworsky The agenda for the April 14-15 summit in Tallahassee has not been set, but it will be “built around the need for

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Regulators look to change management of climate risks

Home Insurance /
Climate regulation

Proposals from the Prudential Regulation Authority represent a significant regulatory shift in the way UK insurers approach climate-related financial risk       Related Stories ID Podcast: Record reinsurance capacity drives market dynamics: Howden’s David Flandro US casualty reserve issues may be easing, brokers say US casualty reserves issues may be easing, brokers say  

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Yet Another HO Insurer, Viceroy, Approved for Florida Market, Regulators Say

Auto Insurance /
Yet Another HO Insurer, Viceroy, Approved for Florida Market, Regulators Say

Yet another property insurance carrier has been approved to do business in Florida, this one a sister company to Monarch National Insurance, based in Tallahassee. Viceroy Preferred Insurance Co. is at least the 15th new insurer to enter the Florida residential market since state lawmakers in 2022 and 2023 enacted major reforms that have tamped

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