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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 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.