On August 7, 2025, the White House issued an Executive Order titled “Guaranteeing Fair Banking for All Americans,” which is intended to address instances of unfair discrimination in banking decisions by financial institutions...more
Pursuant to 42 U.S.C. § 4081(a), the Federal Emergency Management Agency (FEMA) is authorized to engage private insurers to sell National Flood Insurance Program (NFIP) policies under the Write Your Own (WYO) program....more
On August 6, the Virginia Bureau of Insurance (BOI) issued Administrative Letter 2025-03 (the Letter) to all companies seeking to be licensed as insurers in Virginia. The Letter addresses requirements for domestic, foreign,...more
On July 22, the Virginia Bureau of Insurance (BOI) issued Administrative Letter 2025-02 (the Letter) to all licensed insurers writing Managed Care Health Insurance Plans (MCHIPs) in Virginia. The Letter clarifies what...more
The Maryland Insurance Administration (MIA) recently proposed to revise a regulation regarding the use and disclosure of credit history in underwriting and rate making for personal automobile policies. Specifically, the...more
8/4/2025
/ Auto Insurance ,
Consumer Reporting Agencies ,
Credit Reports ,
Disclosure Requirements ,
Fair Credit Reporting Act (FCRA) ,
Insurance Industry ,
Insurance Regulations ,
Maryland ,
Proposed Regulation ,
Regulatory Requirements ,
State Insurance Administrations
On July 30, an 8.8 magnitude earthquake occurred off of Russia’s Eastern Kamchatka coast, subsequently triggering tsunami warnings in, among other places, Japan and Hawaii. Some have postulated that rising sea levels could...more