Content from Don Jergler
State Farm Seeks Large California Rate Hikes; CDI To Probe Financial State
State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7 percent and 20 percent—adding fuel to a burning homeowners crisis in a state that's ...
Farmers Adjusters Cry Foul Over Workloads, Claims Handling in Letter to Regulators
Farmers Insurance officials said they have spoken with employees after receiving an anonymous letter, apparently from a group of in-house adjusters, accusing the insurer of understaffing and ...
32.7M Homes at Risk of Hurricane Damage, CoreLogic Report Shows
More than 32.7 million residential properties from Texas to Maine are at risk of moderate or severe damage sustained from hurricane-force winds, a new report shows. The large number of at-risk homes ...
American National Exiting Homeowners Insurance Market
Following its announcement several months ago to leave the homeowners insurance business in nine states including California and Louisiana, American National appears to be exiting the line in all ...
Are Winds of Change Blowing on California Insurance Law?
It would be wrong to assume that California regulators and lawmakers are only now starting to ponder what to do about a potential insurance crisis in the wildfire-prone ...
Farmers Limits New California HO Policies; Insurer Group Calls for Reform
Farmers will limit new homeowners insurance policies in California, according to a statement issued by the carrier. The move follows a similar decision by State Farm last month and adds to a growing ...
How Insurance Is Addressing Climate Change Risks
Insurers have come a long way on climate change, but they have a long way to get where we need to be to deal with a more hazardous planet. That was the assessment from Washington Insurance ...
Wildfire Fears at ‘All-Time High’ and Driving Insurer Decisions in Property Market: Gallagher Re
Despite a relatively average 2022 wildfire season, fears of wildfires remain at an "all-time high," and those fears appear to be one driver of decision-making on property ...
California Climate Bills Requiring Broad Disclosures Have National Implications
A pair of California bills requiring large companies to report emissions from across their supply chains and creating more stringent reporting of climate-related impacts ...