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On June 29, 2026, the House of Representatives passed H.R. 7128, “TRIA Program Reauthorization Act of 2026” (the Act). The Act concerns the Terrorism Risk Insurance Act of 2002 (TRIA), which was passed in the aftermath of the September 11, 2001, terrorist attacks. TRIA requires commercial property and casualty insurers…

Read More Congress Moves to Extend the Terrorism Risk Insurance Act Until 2034

On June 17, 2026, the National Association of Insurance Commissioners (NAIC) first disclosed to the public that there had been unauthorized access to its online infrastructure through its PeopleSoft systems. Over the past week, the NAIC has issued two more updates, each providing additional details and updating interested parties of…

Read More The NAIC’s PeopleSoft Breach: A Chronology of Communications

On June 22, 2026, the U.S. Virgin Islands Division of Banking, Insurance, and Financial Regulation (the Division) issued Bulletin 2026-04 (the Bulletin) regarding an “increase in the Virgin Islands Insurance Guaranty Fund amount and policyholder or third-party coverage limit[s].” The Bulletin informs residents of the Virgin Islands that Act No.

Read More Act No. 9100: Virgin Islands Guarantee Fund Funding Level Increased 

Industry veteran Andrew Norton was appointed by the Texas Department of Insurance (TDI) as captive insurance specialist in April 2026, following the departure of Robert Rudnai. Norton has more than 15 years of experience in the insurance industry and in this role will support the TDI’s regulatory oversight of Texas’ expanding captive insurance market.

Read More Andrew Norton Appointed Captive Insurance Specialist for the Texas Department of Insurance

Regulatory Landscape

In 2026, the NAIC Life Insurance and Annuities (A) Committee, chaired by Iowa and vice chaired by Michigan, is largely focusing on annuity sales practices, including annuity buyers guides, suitability, and annuity illustrations. Of particular interest to the life and annuity industry is the formation of the Life Insurance and Annuities Illustrations (A) Working Group (Working Group) chaired by Minnesota. The Working Group’s current charge is to “evaluate concepts for improving life insurance and annuity illustrations and disclosures, and consider revisions to relevant NAIC models or develop other guidance where feasible and appropriate.” The Working Group has asked for input on how to ensure that indexed annuity illustrations give consumers reasonable expectations, after regulators observed materials suggesting annual returns of 10–25% for multiple years. The comment record — including responses from industry trades, actuarial bodies, consumer advocates, and vendors — strongly suggests that current practices around indexed annuity illustrations and disclosures will be revisited. The Working Group is considering short-term and long-term approaches designed to ensure consumers receive reasonable expectations for indexed annuity returns at the point of sale.

Read More NAIC Signals Potential Tightening of Annuity Illustration Practices

On March 4, 2026, the Florida Senate approved Senate Bill 1028 (SB 1028), introduced by Senator Joe Gruters, which would establish both an admitted and a surplus lines clearinghouse for Citizens Property Insurance commercial policies. SB 1028, and its companion House Bill 943, were introduced on December 30, 2025, and have quickly made their way through both houses of the legislature. The Florida Legislature created Citizens Property Insurance Corporation (Citizens), a nonprofit windstorm and general property insurer of last resort, in 2002.[1]

Read More Florida Clears the Way for Commercial Surplus Lines Placements

In Bradford v. Sovereign Pest Control of Texas, Inc., the U.S. Court of Appeals for the Fifth Circuit held that the Telephone Consumer Protection Act (TCPA) does not require “prior express written consent” for telemarketing calls that use artificial or pre-recorded voice messages. Instead, the court concluded that the TCPA requires only “prior express consent,” which may be provided orally or in writing.

Read More Fifth Circuit Holds TCPA Does Not Require Prior Express Written Consent for Telemarketing Calls

Over the past year, federal and state courts across the U.S. have continued to reshape the landscape of professional liability insurance. From high-stakes coverage battles to nuanced interpretations of policy language, 2025 delivered a breadth of notable decisions addressing a wide variety of coverage issues that every insurer, broker, risk manager, and coverage practitioner needs to understand. In this report, we focus on topics we believe will remain important in the professional liability insurance field and hope you find the following selection of cases both informative and helpful.

Read More Notable Professional Liability Insurance Decisions of 2025