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California insurance regulators have approved a settlement with State Farm, significantly reducing proposed rate increases for homeowners and renters and saving policyholders approximately $530 million.
The US Treasury Department is scheduled to meet with insurance regulators to discuss the private credit markets.
The International Monetary Fund (IMF) has detected shortcomings in the budgetary independence of regulatory bodies in Portugal, suggesting legal changes to free market and insurance regulators from state control.
The US Treasury Department plans to consult with insurance regulators regarding the rising risks associated with private credit lenders, according to recent reports.
The California Department of Insurance has filed an enforcement action against State Farm, alleging the insurer mishandled wildfire claims.
The U.S. Treasury Department is reportedly planning to consult with insurance regulators regarding private credit lenders, according to exclusive sources.