Amid ongoing evolutions in the digital landscape, the Canadian insurance sector faces the complex challenge of fragmented cyber incident reporting requirements. The inconsistency in provincial regulations—ranging from what incidents are reportable to the severity of criteria and utilization of
The tumultuous situation in California’s homeowner's insurance market demands immediate attention and action, revealing a crisis deeply rooted in complex regulatory frameworks as opposed to environmental factors alone. While the specter of climate change, with its increasing wildfire occurrences,
As artificial intelligence (AI) technologies continue to advance at a rapid pace, silent AI has emerged as a significant challenge in the professional indemnity insurance sector. Silent AI, akin to silent cyber risks, concerns AI-driven threats that aren't explicitly included in insurance policies,
The homeowners' insurance market in California has been grappling with significant challenges, primarily driven by regulatory complexities and a rapidly changing risk environment. Central to these issues is the influence of Proposition 103, a regulation that has tightly bound insurers to a rigid
The rejection of Barbara Richardson by Arizona's Senate was a pivotal moment revealing the intense partisan divides prevailing within the state's legislative corridors. Nominated by Democratic Governor Katie Hobbs to lead the Department of Insurance and Financial Institutions (DIFI), Richardson
Efforts to maintain a balance of power between federal and state regulation have become increasingly important in today's dynamic and evolving insurance sector. Recent legislative efforts have exemplified this concern through the Insurance Data Protection Act (S. 1544), introduced by U.S. Senator
