At the end of last year, California issued emergency new insurance regulations giving insurers more freedom to raise premiums while also requiring them to extend coverage to wildfire-prone areas of ...
Following a 27% rate hike by State Farm last summer, Gov. JB Pritzker and the state legislature have taken multiple stabs at regulating insurance rates.
The Illinois legislature has passed rate-increase regulations for both home and auto insurance, though critics argue the ...
Home warranties can protect homeowners from unexpected repair or replacement costs, providing peace of mind. However, concerns about deceptive practices and inadequate coverage by home warranty ...
California insurance regulators hope that new rules on forward-looking risk modeling, paired with a requirement for companies to write more policies in risky wildfire areas, will stem the state’s ...
A revolution is underway in California’s insurance market that could provide relief to homeowners in high-fire-risk neighborhoods who have found it difficult to find insurers to cover their homes, ...
Much of the activity surrounding the state insurance regulation of artificial intelligence (“AI”) in the insurance industry this year was prompted by the NAIC Model Bulletin: Use of Artificial ...
Da Lin is an award-winning journalist at KPIX 5 News. He joined KPIX 5 in 2012, but has been reporting the news in the Bay Area since 2007. Da grew up in Oakland, and before his return to the Bay Area ...
Private equity firms have taken more significant investment and ownership positions in life insurance and annuity companies. The positives that come from private equity’s involvement include increased ...
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