"Exciting and scary": the insurance regulator's view on AI
What does the proliferation of AI technology mean for a cautious industry like insurance? And how can regulators police this potentially limitless technology? The chair of the NAIC's innovation group, Kathleen Birrane, talks about the challenge with Sarfraz Thind
US needs private flood insurance to cope with rising claims, says NAIC
NFIP faces "daunting" challenges as it struggles to meet increasing flood losses
NAIC's CLO regulation proposals highlight fissures in market
Regulators met this week with no conclusive outcome
Insuring the Big One
The US population is underinsured against earthquakes despite the frequent reminders of how serious this peril can be. Then again, covering quakes is just not easy, as Sarfraz Thind reports
NAIC signs memorandum of understanding with Taiwan Insurance Institute
US strengthening ties with Taiwan comes amid wider worries on Chinese influence
NAIC launches scathing attack on FIO's climate data call
Letter to Treasury lays bare conflicts in state and Federal climate insurance regulation
NAIC warns of surging protection gap in US earthquake zone
Cost of NSMZ earthquake insurance has risen by 352% since 2000
US cyber insurance market grew 61% to $6.5bn in 2021
Data breaches have surged, cyber one of biggest cat threats for insurers
PE-owned insurers do not invest in riskier assets, NAIC finds
Total number of PE-owned US insurers rose to 132 in 2021, 3% of market
FairPlay launches AI detection bias tool for insurers
The US company's product aims to reduce algorithmic bias in the insurance industry