New Zealand’s Climate Adaptation Bill Lands Without the Funding Insurers Want
New Zealand climate adaptation bill mandates 30-year council plans, but insurers warn flood cover keeps retreating without funding certainty.
Topic
Compliance
AM Best Upgrades PICC Hong Kong to A on Inward Reinsurance Strength
AM Best's PICC Hong Kong upgrade to A reflects inward reinsurance growth, not direct-market scale, giving cedants headroom above HK's C-ROSS floor.
New Jersey Top Court Denies Insurance Producers Consumer Fraud Exemption
NJ Supreme Court rules Consumer Fraud Act insurance exemption no longer shields brokers, producers, or agents, exposing them to treble damages.
CNSF Data Shows Mexico VAT Reform Already Denting Insurer Profits
Mexico VAT reform pressure is now realized: CNSF's Q1 2026 data show sector net profit down 10.5% and medical-expense profit collapsing 63.5%.
FCA’s CP26/22 Redraws Insurance Rules on UK Residency and PII Limits
FCA's CP26/22 redraws UK insurance rules by customer residency and moves broker PII limits from euros to sterling, with no exemption for Gibraltar or…
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.
US P/C Underwriting Gain Hits $60.9B as Personal Lines Profit Quadruples
The US P/C underwriting gain reached $60.9 billion in 2025 as personal lines profit nearly quadrupled, while commercial auto stayed unprofitable.
Guy Carpenter Maps Year Two of NAIC Climate Scenario Interrogatory for US Insurers
NAIC Climate Scenario Interrogatory enters its final mandated year as Guy Carpenter reviews Year 2 RBC filings amid softening reinsurance pricing trends.
APRA Finalises Longevity Capital Rules as Annuity Illiquidity Premium Takes Effect
APRA longevity capital rules take effect 1 July 2026, introducing an Advanced Illiquidity Premium for Australian annuity insurers to earn capital relief.
EIOPA and ESAs Back ESRB Warning on Frontier-AI Systemic Cyber Risk
EIOPA and ESAs back ESRB's frontier AI systemic cyber risk warning, pressing European insurers on cyber underwriting and DORA operational resilience.