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NY lawmakers are preparing a legislative package to address insurance costs in the Empire State. -
The carrier said it anticipates a better market due to recent reforms.
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Similar bills targeting fossil fuel firms have been introduced in other states.
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Senators asked for data on fraud but weren’t given any.
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Whether Clement's promotion was influenced by an inappropriate relationship is in scope.
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He will be replaced at a time when Fema is considering structural reforms.
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The deal to reopen the government also extended the NFIP.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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The mayor-elect has promised to build 200,000 new units in New York City.
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Industry sources said they expect most larger firms will be able to meet the requirements.
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California may not be the only state to see non-economic damage caps in medmal get challenged.
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State regulators have largely avoided enforceable AI regulations, but bad news could change that.
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The insurer reached highs of over 1.4 million policies in September 2023.
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The FIO said it will work with regulators on coverage for digital assets.
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The regulations are designed to address long-term solvency concerns.
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The bill includes provisions to encourage retrofitting homes in high-risk areas.
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September’s medical care index increase follows a 0.2% drop in August.
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A former NOAA climatologist who left the agency is running the new operation.
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Critics claim the dispute system denies consumers' key legal rights.
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The insurer booked a $950mn policyholder credit expense in September.
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State Farm is under investigation as its premiums have been rising “drastically".
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Activists from the left and the right are focusing on insurance, often on the same issues.
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A US district judge ruled a delay could put human life and property at risk.
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The federal panel hasn’t finalized a timeline for formulating the new rules.
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The governor has yet to sign a pending bill to create a public cat model.
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The state’s AG said the case threatens continued offshore oil and gas operations.
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The executive said record operating income and returns don’t indicate Chubb is “beleaguered”.
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The request cites use of Verisk’s forward-looking wildfire model.
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New home sales could be impacted by a prolonged stalemate.
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Superintendent Harris is stepping down this month after four years of service.
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The executive has been with ASG since it was formed in 2016.
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California’s insurance regulator has Fair Plan depopulation, cat models on his mind.
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The insurance industry’s lower reliance on foreign skilled workers softens the blow.
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Sources said momentum around resiliency laws is growing at the state and local level.
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The proposed changes aim to establish clear guidelines for intervenors.
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As data privacy litigation increases, insurers increasingly lean on exclusions.
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The measures also seek to encourage greater wildfire mitigation efforts.
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The affirmations reflect Everest’s strong underwriting diversification.
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IBHS CEO Roy Wright says insurers need a comprehensive approach to resilience.
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Winners and losers will emerge more clearly, with less opportunity to ride the market wave.
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A report by the ratings agency challenges current industry wisdom.
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The annual meeting took place in Pasadena, California, miles from the site of LA wildfires.
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Florida led deregulation by eliminating the diligent effort rule in June.
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The carrier notified California regulators that it would stop renewing plans starting last month.
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The ratings outlook has also been revised to stable from negative.
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Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help.
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The bi-partisan legislation would make FEMA a cabinet-level agency.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
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The violations included not using properly appointed adjusters and failing to pay claims.
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Lawmakers are seeking input on risk evaluation, limits and other concerns.
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The group claims the White House is undermining disaster preparedness.
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The Delaware high court’s reasoning could find application in other cases.
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This is the first rate filing to use the recently approved Verisk model.
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July’s medical care increase was up from June’s o.6%.
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The model becomes the second in the state to get approval to affect ratemaking applications.
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This follows last month’s takeout of 12,000 Citizens policies.
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Roughly half a year since the LA fires, brokers said there’s hope things are turning around.
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A growing divide in business courts could impact future D&O underwriting, sources said.
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The company adjusts its rate options to expand California business under the new cat model.
