Insurance

IVASS Orders Blocking of 2 Abusive Insurance Websites

The Italian Insurance Supervisory Authority (IVASS) has ordered the blocking of two websites operating abusively in the insurance sector. This action brings the total number of blocked abusive sites to 348 since November 2023.

FWU Life Insurance Liquidation: Claims Processing and ID Requirements

IVASS has announced that the liquidator for FWU Life Insurance Lux S.A. is processing claims, with no automatic confirmation of receipt due to high volume. Creditors are urged to update their identification documents to the electronic ID (CIE) by August 3, 2026, to ensure their claims are processed.

IVASS Warns of Counterfeit ADAC VERSICHERUNG AG Insurance Policies

The Italian Insurance Supervisory Authority (IVASS) has issued a warning regarding counterfeit surety insurance policies falsely attributed to ADAC VERSICHERUNG AG. The agency advises consumers to verify policy legitimacy and check authorized lists on the IVASS website.

IVASS Orders Blocking of 3 Abusive Insurance Websites

The Italian Insurance Supervisory Authority (IVASS) has ordered the blocking of three abusive websites offering unauthorized insurance services. This action brings the total number of blocked abusive sites to 352 since November 2023, highlighting ongoing efforts to protect consumers from fraudulent insurance activities.

NAIC Announces 2026 Committee Leadership for Consumer Protection and Market Stability

The National Association of Insurance Commissioners (NAIC) announced its 2026 committee leadership. The announcement reaffirms the organization's commitment to advancing consumer protections, market stability, and innovation within the insurance landscape through collaborative state-based regulation.

McCarran-Ferguson Restoration Act Reaffirms State Insurance Regulation

The National Association of Insurance Commissioners (NAIC) supports the introduction of the McCarran-Ferguson Restoration Act, which would abolish the Federal Insurance Office (FIO) and reaffirm state-based insurance regulation. The act also aims to grant voting status to a state representative on the Financial Stability Oversight Council (FSOC).

NAIC Auto Insurance Database Report 2022/2023

The National Association of Insurance Commissioners (NAIC) has released its 2022/2023 Auto Insurance Database Report. The report details national average premiums and incurred losses, noting a 14.42% increase in average premium per vehicle from 2022 to 2023.

DB Insurance Acquisition of South Bay - Consent Order

The Florida Office of Insurance Regulation has issued a consent order approving the indirect acquisition of South Bay Acceptance Corporation by DB Insurance Co., Ltd. The order outlines conditions for the acquisition and potential corrective actions.

EIOPA Seeks Technical Advice on Taxonomy Regulation Article 8

The European Insurance and Occupational Pensions Authority (EIOPA) has issued a call for technical advice regarding Article 8 of the Taxonomy Regulation. This consultation seeks input to inform the development of technical standards related to environmental disclosures for financial market participants.

Citizens Property Insurance Corporation Rate Filings Final Order

The Florida Office of Insurance Regulation has issued a final order regarding rate filings from Citizens Property Insurance Corporation. This order establishes the rates for personal and commercial property insurance lines, ensuring they meet statutory requirements for actuarial soundness and market function.