The new European Commission includes a dedicated Commissioner for the Mediterranean. Emanuele Errichiello examines what this change could mean for relations between the EU and states in the Mediterranean region. On 1 December, the newly approved European Commission officially took office. A significant – and rather underappreciated – innovation in the new Commission is the … Read more
California Insurance Commissioner Ricardo Lara on Monday announced what he is calling the final step in his efforts to help the state’s ailing homeowners insurance market with the Net Cost of Reinsurance in Ratemaking Regulation, which enables reinsurance as a ratemaking factor and requires insurers to increase coverage in high-risk areas. The step, which the … Read more
California Insurance Commissioner Ricardo Lara on Friday announced what he’s calling “first of its kind” catastrophe modeling and ratemaking regulation that will allow carriers to use the models as a factor in setting and getting rates. The regulation is a part of his so-called Sustainable Insurance Strategy to increase coverage in wildfire-distressed areas of the … Read more
Oklahoma Insurance Commissioner Glen Mulready issued a bulletin providing insurers with regulatory guidance on the use of artificial intelligence. The bulletin, which was adopted by the National Association of Insurance Commissioners (NAIC), outlines expectations on the ethical use of AI. The bulletin emphasizes the importance of fairness, accountability, transparency, and adherence to state laws to … Read more
The European Parliament will hold hearings for new European Commission nominees from 4-12 November. Anchrit Wille explains how the hearings have evolved since they were introduced in 1995 and what this year’s nominees can expect from the process. The European Parliament organises hearings for all of those nominated as new European commissioners. These nominees must … Read more
