Florida’s Homeowners Crisis Requires Insurance Stability, Legislative Reform and Smart Technology
Even before Hurricane Ian, Florida's home insurance market was hobbled by fraudulent claims, pricey lawsuits and financial mismanagement by some insurance firms.
Report From California Insurers Calls for More Freedom to Use Wildfire Catastrophe Models
Associations representing insurers operating in California on Tuesday released an analysis from Milliman showing wildfire catastrophe models would improve homeowners' ...
NAIC Adds ‘Deep Concerns’ to FIO Bid to Collect Climate Change Data From Insurers
In a letter to the Treasury's Federal Insurance Office, the National Association of Insurance Commissioners expressed its "deep concern" over a proposal to collect data ...
Louisiana Insurance Commissioner Approves Citizens Rate Increase of 63%
Louisiana Insurance Commissioner Jim Donelon approved a significant rate hike for Louisiana Citizens residential property insurance policies, a move the insurance ...
Opinion: Consumers Pay the Price as Regulatory Interference Drives Property Insurance Market Instability
Many states are facing a growing affordability and availability crisis in property insurance markets, and it's not just because of climate change. While climate change is leading to more severe and ...
Insurers Warn California’s Inaction Threatens Auto Policies
Top U.S. insurance companies and associations say California is risking a crisis in the nation's largest automobile insurance market by refusing to approve any rate increases for more than two years, ...
Judge’s Order: Credit Scoring Ban Finito In State of Washington
Earlier this week, Judge Indu Thomas entered the final order declaring that Insurance Commissioner Mike Kreidler exceeded his authority when he issued a permanent rule banning the use of credit-based ...
Georgia Insurance Commissioner Slams Allstate’s 25% Auto Rate Increase
The Georgia insurance commissioner is publicly shaming one of the country's largest auto insurers after the carrier announced an average 25 percent rate increase in the state. "I am angry and ...
Florida Regulators, FAIA Slam Demotech for Reported Plans to Downgrade 17 Carriers
Florida's top insurance regulators and the Florida Association of Insurance Agents on Thursday blasted the Demotech financial rating firm after the organization reportedly notified 17 insurers that ...