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National Association of Insurance Commissioners

NAIC Details Capital Rule Overhaul After Warren Inquiry on Insurer Risk

NAIC Details Capital Rule Overhaul After Warren Inquiry on Insurer Risk

Washington – September 24, 2026 -- State insurance regulators leading the National Association of Insurance Commissioners (NAIC) responded to a letter from U.S. Senator Elizabeth Warren (D-Mass.) by detailing a series of capital and oversight changes made in recent years to address insurers' shifting investment strategies, ownership structures, and risk-transfer arrangements.

Regulators impose a 45% risk-based capital charge on structured security residuals
NAIC leadership confirmed it instituted a 45% risk-based capital charge specifically for residual interests in structured securities, a move designed to ensure capital requirements reflect the investment risk embedded in these complex holdings.

California Insurers Sought $571M in Rate Hikes for Just 12,000 New Policies

California Insurers Sought $571M in Rate Hikes for Just 12,000 New Policies

Sacramento – – September 23, 2026 -- Ten California home insurers have requested $571 million in combined rate increases under Insurance Commissioner Ricardo Lara's climate-model rules while committing to sell only 12,000 new home insurance policies, according to an analysis of Department of Insurance filings by Consumer Watchdog.