A new Nevada law set to go into effect will permit insurance providers to exclude wildfire damage in homeowners policies in 2026. Processing Content Legislation passed in the Silver State this spring means insurers receive explicit legal protection if they opt out of wildfire coverage for standard policies issued after Jan. 1. With the change, […]
New insurance law to change Nevada wildfire coverage in 2026 Read More »
(Bloomberg) –Three US senators opened an inquiry into insurance ratings firm Demotech and whether its assessments may be exposing Fannie Mae and Freddie Mac — and ultimately taxpayers — to growing risks tied to climate-driven insurer failures. Processing Content In a letter sent Tuesday to Fannie Mae acting Chief Executive Officer Peter Akwaboah and Freddie Mac CEO Kenny Smith,
US lawmakers launch probe into insurance rating firm in Florida Read More »
Key insight: The Trump administration would violate an existing court order if it allows the CFPB to run out of funding by declining to request money from the Federal Reserve. Supporting data: The Judge held that the Dodd-Frank Act requires the CFPB to request funding from the Fed’s “combined earnings,” even when the Fed’s expenses
Judge blocks effort to allow CFPB funding to run out Read More »