California Workers’ Comp Combined Ratio Hits 127% as Premium Growth Slows
California workers' comp premium growth slowed to 3% in Q1 2026, even as WCIRB's accident-year 2025 combined ratio hit a 20-year-high of 127%.
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Regulators
PRA Consults on Friendly Society Merger Rules After £10bn OneFamily Deal
PRA's CP12/26 consultation aims to streamline friendly society merger rules, using the £10bn OneFamily-Scottish Friendly deal as its blueprint.
Japan’s 2026 Governance Code Puts Insurer Cross-Shareholdings to the Test
Japan's 2026 governance code turns cross-shareholding reviews into a cost-of-capital test, exposing insurers whose reports still cite the 2021 rules.
FCA’s AI Sandbox Cohort 2 Picks 21 Firms From 199 Applications
FCA's AI Sandbox cohort 2 admits 21 firms from 199 applicants, with fraud, governance and compliance use cases leading the selected list.
Japan’s FSA Surveys 17 Institutions on Storm and Flood Risk Practices
Japan's storm and flood risk survey of 17 institutions arrives as insurers post stronger FY2025 results, testing whether profit funds better analytics.
OSFI’s Catastrophe Bond Rule Skips the 20% Margin, Only for Canada
OSFI catastrophe bonds now earn zero-margin capital credit under Canada's MCT, but only when collateral stays onshore and OSFI pre-approves the deal.
EIOPA Risk Margin Overhaul Introduces Lambda Factor Before January 2027
EIOPA risk margin lambda factor cuts margins on long-dated liabilities from 30 January 2027, diverging sharply from the UK's blunter approach.
FTC Wins Permanent Injunction Against Health Insurance Telemarketing Scheme
Health insurance telemarketing scheme unravels as a Florida federal court enters permanent injunctions against THO and 11 co-defendants nationwide.
UK Captive Regime Consultation Promises 4-6 Week Authorisations by Mid-2027
UK captive insurance regime consultations from the FCA and PRA promise 4-6 week authorisations by mid-2027, undercutting Marsh's own setup benchmark.
APRA Rewrites ECAI Recognition Guidelines to Cover Insurers Explicitly
APRA's ECAI recognition guidelines now explicitly name insurers, landing two days after its reinsurance framework overhaul was finalised on 7 July 2026.