INSURASALES

Chubb Posts Record Q3 Property/Casualty Profits Amid Market Transition

Chubb reports record Q3 property/casualty profits driven by strong underwriting performance and evolving market dynamics. Net premiums and investment income rise amid competitive pricing pressures.

Florida Auto Insurance Rebates Total Nearly $1 Billion After Litigation Reforms

Florida auto insurance reforms lead to nearly $1 billion in rebates for Progressive policyholders, signaling lowered litigation costs and market-wide rate reductions.

Texas Tort Claims Act Limits Liability for Firefighter Property Damage

Explore the impact of the Texas Tort Claims Act on government liability and property damage claims in Dallas. Understand legal limits, risk management, and claims denial in emergency response scenarios.

California FAIR Plan Proposes 35.8% Average Rate Hike for Fire-Exposed Homeowners

The California FAIR Plan proposes a 35.8% average premium increase, with hikes up to 50.9% in fire-prone areas, impacting Santa Cruz County homeowners. Insurance professionals should monitor regulatory review and market implications.

Stand Insurance Raises $35M to Expand Homeowners Coverage in High-Risk Florida Market

Stand Insurance secures $35 million in Series B funding to expand homeowners insurance into Florida's high-risk catastrophe market. Focus on resilience, AI-driven underwriting, and property risk mitigation.

State Farm Faces North Carolina Class Action Over Total Loss Valuation Practices

State Farm sued in North Carolina for allegedly undervaluing total loss claims by reducing retail values of comparable vehicles, raising regulatory and compliance issues in insurance claim valuations.

Stand Secures $35M Series B to Expand Resilience-Linked Property Insurance into Florida

Stand raises $35M to expand its resilience-linked property insurance model from California to Florida’s high-risk windstorm market, promoting mitigation-based coverage.

California Insurance Advisory Highlights Mudslide Risks After Wildfires

California Insurance Commissioner issues warning and guidance on insurance coverage risks for mudslides and debris flow following wildfires, highlighting regulatory context and consumer preparedness.

Florida Insurance & Energy Update: Data Center Impact and Regulatory Developments

Insight into Florida's utility regulation challenges over data center energy use, home improvement grant program, fiscal forecasts, startup growth, and key infrastructure investments.

Illinois Proposes Right-to-Appraisal Clause for Auto Insurance Policies

Illinois lawmakers introduce bills mandating right-to-appraisal clauses in auto insurance policies to streamline dispute resolution and enhance consumer protections. Penalties for non-compliant insurers include fines and license suspension.