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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.

IVASS Orders Blocking of Abusive Insurance Website

The Italian Insurance Supervisory Authority (IVASS) has ordered the blocking of an abusive insurance website, bringing the total to 349 sites blocked since November 2023. IVASS advises consumers to be wary of suspicious contact methods and payment requests.

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 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.

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.

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).

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.