Senate Committee Probes Major Insurers on Disaster Claim Payout Reductions
Senate hearing examines allegations of major insurers cutting disaster-related claim payouts amid rising homeowner complaints and regulatory scrutiny.
Senate hearing examines allegations of major insurers cutting disaster-related claim payouts amid rising homeowner complaints and regulatory scrutiny.
A deadly Garden Valley fire killed a teen and left his grandmother uninsured after unexpected policy cancellation, underscoring fire risk and insurance challenges.
Texas insurers are increasingly using AI-analyzed aerial imagery to evaluate home insurance risks, impacting policy renewals and risk management strategies.
California Department of Insurance approves a 17% emergency home insurance premium increase for State Farm to stabilize finances post-LA wildfires. Rate hikes affect 1M homeowners and reflect broader wildfire insurance challenges.
Illinois Appellate Court requires State Farm to engage in appraisal for hail damage valuation dispute, despite insurer's coverage objection.
California fire victims face ongoing challenges with State Farm insurance claims as the state approves a 17% emergency homeowners rate hike amid scrutiny of insurer practices and regulatory responses.
The Florida Hurricane Catastrophe Fund remains financially strong for the 2025 hurricane season, providing crucial reinsurance support to private insurers amid market challenges.
United Security Insurance Company broadens its personal auto insurance reach by entering the Arizona market through Warrior Insurance Network, enhancing distribution across western states.
Ambac Financial Group's Q1 2025 earnings show 27% revenue growth driven by specialty P&C expansion and acquisitions with a net loss amid increased expenses.
Launch Underwriters appoints Dennis Sparks as CEO to lead growth and expand its underwriting platform in commercial and personal lines, targeting London and EU markets.