Insurance regulations in the year ahead are shifting toward tighter marketplace integrity, increased price transparency and heightened wildfire risk disclosures, according to a report from Deloitte.
The changes largely aim to stabilize premiums and improve consumer knowledge regarding coverage and risks, especially as threats like wildfires and flooding continue to increase.
Looking ahead, regulators are beginning to develop frameworks for artificial intelligence and big data in underwriting. They're also focusing more on cybersecurity and data privacy regulations.
As weather patterns continue to shift and amplify, many are also beginning to look at how insurers factor climate change into property risk.
The slideshow above highlights state-level insurance law changes insurance professionals should know about, according to The Zebra.
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