Insurance

Homeowners Insurance Zip Code Reporting Requirements

The Minnesota Department of Commerce issued Administrative Bulletin 2026-2, superseding all prior communications on zip code reporting under Minn. Stat. §65A.28. Insurers writing homeowner's insurance for properties in the seven-county metropolitan area or cities of the first class (Minneapolis, Saint Paul, Duluth, Rochester) must file annual reports by May 1. The bulletin provides filing instructions, templates, and an attestation form via the department's website.

Elite Insurance Scheme Vote Creditor Meeting Notice

IVASS announced that Elite Insurance Company Limited, a Gibraltar-based insurer that operated in Italy's surety bond sector, has received court approval to convene creditor meetings for voting on a Proposed Scheme of Arrangement. The Supreme Court of Gibraltar approved the convening on March 13, 2026. Creditor meetings are scheduled for May 7, 2026, with voting deadlines through a dedicated portal by May 6, 2026.

Technical Specifications for Small and Non-Complex Insurance Undertakings

EIOPA published technical specifications for identifying Small and Non-Complex Undertakings (SNCUs) and Groups (SNCGs) under the revised Solvency II Directive. The document provides quantitative criteria from Articles 29a and 213a and clarifies data points in Quantitative Reporting Templates to ensure consistent EU-wide implementation. Eligible entities will receive proportionate application of prudential requirements.

Tennessee Insurance Division NAIC Reaccreditation

The Tennessee Department of Commerce and Insurance announced that its Insurance Division received reaccreditation from the National Association of Insurance Commissioners (NAIC). The five-year reaccreditation confirms that Tennessee's insurance regulatory framework meets NAIC financial solvency oversight standards for regulating multi-state insurers. Tennessee currently has 327,685 active licensed insurance producers and domestic insurers wrote $24 billion in premium volume in 2024.

American Mobile Insurance Exchange - Sixth Consent Order Extending Administrative Supervision

The Florida Office of Insurance Regulation issued its sixth consent order extending public administrative supervision of American Mobile Insurance Exchange, a domestic property and casualty reciprocal insurer. The supervision is extended for 120 days from April 3, 2026. American Mobile, operated by attorney-in-fact American Mobile Risk Management LLC, remains under supervision to facilitate orderly wind-down of remaining liabilities, return of unearned premiums, and subscriber surplus contributions.

Wildfire Mitigation Study Shows 35% AAL Reduction Through Resilient Rebuilding

NAIC's Catastrophe Risk Management Center of Excellence released research conducted with the California Department of Insurance demonstrating that rebuilding wildfire-impacted communities to IBHS Wildfire Prepared Home Standards can reduce projected wildfire average annual losses by up to 35 percent. The study found that rebuilding to the highest IBHS standard adds approximately 3 percent in construction costs.

Rockwell Man Charged with Unlicensed Public Adjusting and Insurance Fraud

The Iowa Insurance Division's Fraud Bureau charged Joseph Starr, 39, of Rockwell, with two counts of acting as a public adjuster without a license and one count of insurance fraud (Class D felony). Starr allegedly negotiated insurance claims on behalf of clients with Farm Bureau Financial Services and Osage Insurance while employed by Sibling Construction, and submitted invoices for work not yet completed.

Wisconsin Insurance Administrative Actions - March 2026

The Wisconsin Office of the Commissioner of Insurance (OCI) published its March 2026 administrative actions list detailing enforcement measures taken against insurance agents and license applicants. Actions include license revocations, application denials, and forfeiture orders totaling at least $1,500. Violations cited include tax delinquency, unreported administrative actions from other states, criminal convictions, and failure to disclose pending charges.

Geary County Woman Sentenced for Insurance Fraud

Kansas Insurance Commissioner Vicki Schmidt announced that Kei'Anna Boykin, 31, of Geary County, was sentenced to 24 months of probation with 12 months of underlying prison time for felony insurance fraud. Boykin pleaded guilty on January 15, 2026, in Geary County District Court for falsely claiming no loss while her policy was canceled.

Missouri DCI Refuses Insurance Producer License to Monarch Title Owner

The Missouri Department of Commerce and Insurance (DCI) has refused to issue insurance producer licenses to Mychal Walker, owner of Monarch Title Company, Inc., and The Walker Agency, LLC, following multiple violations of state law. DCI also obtained a court order to take control of Monarch's escrow accounts after the company abruptly closed in December 2024, leaving customers unable to access their funds.

Annual Report on Costs and Past Performance of Retail Investment Products

EIOPA published its annual costs and past performance report covering 2020-2024, analyzing nearly 6,000 insurance-based investment products from 175 undertakings representing over 60% of the EEA market and 1,677 pension products. Unit-linked products achieved 7.5% average net returns for low-to-medium risk products in 2024 while profit participation products returned 2.3%, with costs decreasing by 8 basis points. The report identifies significant pricing variations across Member States, suggesting potential need for EU-level work to ensure consistent consumer outcomes.

EIOPA Chair urges stronger funded pensions for Europe

EIOPA Chair Petra Hielkema delivered a keynote speech at the European Financial Review dinner in Brussels, outlining the European Commission's Savings and Investments Union (SIU) initiative. The speech emphasized the need to remove Single Market frictions and mobilize European savings through stronger funded pension systems to support investment and economic growth.

Oklahoma SBE-FP Agent Broker Transition Notice

The Oklahoma Insurance Department issued a special notice on March 30, 2026, informing health and dental insurance agents and brokers about Oklahoma's transition from the Federally-facilitated Exchange to a State-based Exchange on the Federal Platform (SBE-FP) effective May 1, 2026. The notice clarifies that existing agent and broker responsibilities, registration processes, and CMS training requirements for PY 2026 and PY 2027 remain unchanged.

Health and Dental Insurance Agent Broker Requirements for PY 2026-2027

The Oklahoma Insurance Department issued Special Notice 04-2026 on March 30, 2026, informing licensed health and dental insurance agents and brokers of the state's transition from the Federally-facilitated Exchange to a State-based Exchange on the Federal Platform effective May 1, 2026. The notice confirms that agent responsibilities for QHP enrollment on HealthCare.gov, CMS registration and training requirements, and OID producer licensing processes will remain unchanged through PY 2026-2027.

Solvency II Supervisory Reporting and Disclosure ITS Amendments

EIOPA published a final report containing draft amendments to two Implementing Technical Standards (ITS) governing supervisory reporting and public disclosure requirements under Solvency II. The amendments incorporate changes from the Solvency II review and align with the European Commission's initiative to reduce administrative burden by at least 25% across all sectors and 35% for SMEs. The report includes revised guidelines on reporting for financial stability purposes and on supervision of third-country insurance undertaking branches.

Ultimate Forward Rate 2027 Calculation Euro Unchanged

EIOPA published the annual Ultimate Forward Rate (UFR) calculation for 2027. The euro UFR remains unchanged at 3.30%. The Chinese renminbi UFR decreases by 15 basis points to 4.05%. This technical rate serves as a reference for insurance and pension liability calculations under Solvency II.

Third IDD Application Report - Insurance Distribution Trends

EIOPA published its third report on the application of the Insurance Distribution Directive (IDD), confirming a 12% increase in EU passport registrations for insurance intermediaries between 2020-2024. The report identifies growing use of Generative AI in distribution channels, persistent concerns around sustainability disclosures and inducement transparency, and gaps in sales process quality. Findings will inform EIOPA's supervisory convergence work and the European Commission's Retail Investment Strategy and IDD review.

Solvency II Amendments Reducing Supervisory Reporting and Disclosure Burden

EIOPA submitted draft amendments to two Implementing Technical Standards under Solvency II to the European Commission. The amendments implement the Solvency II review outcomes while reducing supervisory reporting and public disclosure requirements by 26% for quarterly templates (36% for small and non-complex undertakings) and by 30% for annual templates (44% for small and non-complex undertakings). The new requirements will take effect 30 January 2027, with a transitional provision allowing early relief for annual 2026 reporting.

Statement on Kelly v. Kobach Decision

Kansas Insurance Commissioner Vicki Schmidt, Secretary of State Scott Schwab, and State Treasurer Steven Johnson issued a statement regarding the Kansas Supreme Court's decision in Kelly v. Kobach. They maintain that the governor should not have 'supreme executive power' over other independently elected officials and will continue to assert this position.

Illinois DOI CSR Load Data Call for 2027 Benefit Year

The Illinois Department of Insurance has issued a data call requesting enrollment and 2025 experience data for individual ACA Silver plans with CSR loads. Insurance companies writing this coverage must submit the requested data by April 6, 2026, to assist the Department in developing the Cost-Sharing Reduction (CSR) load for benefit year 2027.

ESAs Spring Risk Update: Geopolitical and Private Finance Risks Highlighted

The European Supervisory Authorities (ESAs) have published their Spring 2026 update on risks and vulnerabilities in the EU financial system, focusing on geopolitical tensions and private finance. The report notes the resilience of the EU financial sector but calls for continued vigilance from supervisors and market participants.

NAIC Issues Nationwide Homeowners Insurance Data Call

State insurance regulators, through the NAIC, have issued a nationwide data call to insurance companies regarding homeowners insurance markets. The data call, with a June 15, 2026 deadline, aims to provide ZIP code-level insights into coverage, costs, availability, and mitigation efforts to better protect consumers.

Iowa Second Injury Fund Assessment of $7M Due May 30

The Iowa Division of Insurance has announced a $7 million assessment on insurers and self-insured employers due to insufficient funds in the Second Injury Fund. Notices were emailed on March 25, 2026, with the payment deadline set for May 30, 2026.

Commissioner to Honor Fire Chief Curt Deaton

The North Carolina Department of Insurance announced that Commissioner Mike Causey will present the Commissioner's Award to Mooresville Fire Chief Curt Deaton on Friday, March 27, 2026, during his retirement celebration. Chief Deaton is being honored for his three decades of service to Mooresville and leadership within state firefighter associations.

IVASS Warns of Counterfeit Länsförsäkringar AB Surety Bond Draft

IVASS has issued a warning regarding a counterfeit surety bond draft circulating under the name of Länsförsäkringar AB. The Swedish insurer has disavowed the document and stated that specific email addresses associated with it are false. IVASS advises consumers to exercise caution and verify the authorization of insurance providers and intermediaries.

NAIC Modernizes Market Conduct Regulation for AI and New Models

The NAIC has established a new Working Group to modernize market conduct regulation, focusing on the impact of artificial intelligence and new distribution models. This initiative aims to ensure the regulatory framework remains effective in protecting policyholders while adapting to technological advancements in the insurance industry.

Delaware DOI Clarifies Step Therapy Exceptions for Insurers

The Delaware Department of Insurance issued Bulletin No. 165 to clarify the interpretation of step therapy exception processes for health insurers. The bulletin specifies that the statutory exclusion for requiring patients to try AB-rated generic equivalents does not apply to biologics and their biosimilars, as they are not branded prescription drugs and lack generic equivalents.

EIOPA White Paper: Earth Observation for Flood Risk Management

EIOPA and EUSPA have published a white paper detailing how Earth Observation data from the Copernicus programme can enhance flood assessment and risk management for insurers. The paper advocates for integrating this data into insurers' risk assessment practices and supervisory processes to improve disaster preparedness.

Space Heater Fire Death in D'Iberville

The Mississippi State Fire Marshal's Office issued a press release on March 24, 2026, identifying a space heater as the cause of a fatal fire in D'Iberville that killed George Lee. The release also provides safety recommendations for home heating equipment and smoke alarms.

NJ DOI Reaccredited by NAIC

The New Jersey Department of Banking and Insurance announced its reaccreditation by the National Association of Insurance Commissioners (NAIC). This reaccreditation signifies that the department continues to meet high national standards for regulating the insurance industry and protecting consumers, with the review process occurring every five years.

Kansas PBM Reform Bill Passage Praised by Commissioner

Kansas Insurance Commissioner Vicki Schmidt praised the passage of SB 20, the Kansas Consumer Prescription Protection and Accountability Act. This new regulatory framework for pharmacy benefit managers (PBMs) aims to ensure fair and transparent practices, requiring drug rebates to be passed to patients and banning spread pricing. The bill now awaits the Governor's consideration.

Oklahoma Insurance Department Initiatives for Consumer Savings and Home Strengthening

The Oklahoma Insurance Department (OID) has highlighted initiatives aimed at saving Oklahomans money and strengthening homes. These include the Strengthen Oklahoma Homes (SOH) Grant Program, improvements in fire protection classifications, and successful recovery of $10.8 million for consumers in 2025, alongside locating over $200 million in lost life insurance benefits.

Post Falls Church Fire Investigation Concluded

The Idaho State Fire Marshal's Office has concluded its investigation into the March 15 fire that destroyed the River Church and Little Explorers preschool in Post Falls. The investigation found the fire was accidental, caused by a failed natural gas regulator, and not criminal activity. The findings have been shared with the building owner's insurance carrier.

IVASS Report: 2024 Insurance Disputes R.C. Auto Natanti

IVASS has published its 2024 statistical bulletin on insurance disputes concerning R.C. Auto and Natanti (watercraft). The report indicates a decrease in pending cases and provides insights into case resolution rates, average reserves, and management efficiency by regulated insurers.

IVASS Orders Block of 5 Abusive Insurance Websites

The Italian Insurance Supervisory Authority (IVASS) has ordered the blocking of five abusive websites that were illegally offering insurance services. This action brings the total number of blocked abusive sites to 357 since November 2023. IVASS advises consumers to be wary of suspicious payment methods and to verify intermediaries against official lists.

EIOPA and EUSPA Use Copernicus Data for Weather Event Supervision

EIOPA and EUSPA have published a white paper exploring the use of Earth Observation data from Copernicus to enhance the supervision of natural catastrophes and assess the impact of extreme weather events on the European insurance sector. The paper highlights how satellite data can improve risk assessment, scenario design, and loss estimation for insurers and supervisors.

NAIC Reaccredits New Jersey and Tennessee Insurance Departments

The NAIC Financial Regulation Standards and Accreditation (F) Committee has reaccredited the insurance regulatory departments of New Jersey and Tennessee. This reaccreditation confirms that these departments continue to meet NAIC standards for financial solvency oversight and effective regulation of multistate insurers.

NAIC President White Discusses AI, Market Data at Spring Meeting

NAIC President Scott A. White discussed the organization's strategic priorities, including the regulation of artificial intelligence in the insurance sector and efforts to address homeowners market challenges. The remarks were delivered at the NAIC's 2026 Spring National Meeting.

OID Consumer Alert: Medicare Catheter Supply Scam

The Oklahoma Insurance Department (OID) is warning Medicare beneficiaries about a scam involving fraudulent billing for urinary catheters. Since January 1, 2026, 12 Oklahomans have reported charges for over 15,000 catheters totaling more than $135,000, with Medicare paying $88,793. The OID advises beneficiaries to carefully review their Medicare Summary Notices and Explanation of Benefits, and to create a Medicare.gov account for earlier claims visibility.

Minnesota Homeowners Insurance Rate Filing Instructions

The Minnesota Department of Commerce has issued instructions for insurers regarding rate filing obligations for homeowners insurance, as mandated by Minn. Stat. § 65A.298. The bulletin provides guidance on offering premium discounts for FORTIFIED designations and outlines the department's review process, including a threshold chart for actuarially justified discounts.

IVASS: HDI Versicherung AG Disavows Fake Surety Policy Documentation

The Italian Insurance Supervisory Authority (IVASS) issued a press release on March 23, 2026, warning consumers about fake surety policy documentation circulating under the name of HDI Versicherung AG. The company has disavowed the documentation, stating it does not issue such policies and that certain contact details are not associated with the firm.

Capital Markets Sub-Sector Report November 2025

The IRA Kenya has published its Capital Markets Sub-Sector Report for November 2025. This report provides lessons learned from FinAccess surveys related to the capital markets sub-sector.

SACCO Sub-Sector Report November 2025

The Insurance Regulatory Authority (IRA) of Kenya has published its SACCO Sub-Sector Report for November 2025. The report provides lessons learned from FinAccess Surveys related to the SACCO sub-sector.

KDIC Sub-Sector Report November 2025 Lessons FinAccess Surveys

The IRA Kenya has published the KDIC Sub-Sector Report for November 2025. This report provides lessons learned from FinAccess Surveys related to the insurance sector. The document is available for download.

Pension Sub-Sector Report - Lessons from FinAccess Surveys

The IRA Kenya has published its Pension Sub-Sector Report for November 2025, detailing lessons learned from FinAccess Surveys. This report provides insights into the pension sector's performance and consumer financial behavior.

Banking Sub-Sector Report November 2025

The IRA Kenya has published its Banking Sub-Sector Report for November 2025. This report provides lessons learned from FinAccess Surveys related to the banking sector. The document is available for download.

Louisiana DOI Statement on Guilty Verdict in Staged Accident Trial

Louisiana Insurance Commissioner Tim Temple issued a statement following the guilty verdict of attorneys Vanessa Motta and Jason Giles in a multi-million dollar staged accident ring trial. The statement highlights the systemic nature of insurance fraud and the commitment to combating such criminal activity.

CMS Letter on Consultants and Medicare Advantage Plans

The Nebraska Department of Insurance has received a letter from CMS responding to an inquiry regarding consultants and the sale of Medicare Advantage plans. This communication clarifies guidance and expectations for entities involved in the sale of these plans.

Haskell County Insurance Producer Fined, License Revoked

The Oklahoma Insurance Department has fined and revoked the license of Leslie Clark, an insurance producer from Haskell County, for misappropriating $7,269.38 in consumer premium payments. The action follows an investigation by the OID's Anti-Fraud Unit and a failure to appear at a show-cause hearing.

ME Health Plan Filing Deadlines for 2027 Coverage

The Maine Bureau of Insurance has issued Bulletin 493, establishing a June 5, 2026 filing deadline for all non-grandfathered individual and small group health plans with 2027 effective dates. This bulletin outlines specific requirements for rate, form, and Qualified Health Plan (QHP) submissions, including CMS transfer deadlines and plan naming conventions.