INSURASALES

NY Department of Financial Services Reinforces Rigorous Licensing Standards

The NY Department of Financial Services reiterates rigorous, consistent standards for licensing financial institutions, emphasizing compliance and consumer protection for insurers and financial firms.

Florida Homeowners Could See Lower Windstorm Insurance Premiums in 2024

Florida's 2024 homeowner insurance premiums may decrease as reduced reinsurance costs and tort reform lower windstorm risk expenses. Market stability emerges post-2024 hurricanes.

Colorado Legislative Session Ends with Key Insurance-Related Regulatory Advances

Summary of Colorado's 2025 legislative session highlighting ride-hailing safety regulations, failed AI delays, expanded anti-discrimination protections, IVF law changes, and implications for insurance professionals.

California Leads with Financial Incentives for Wildfire Risk Mitigation

Explore how California’s wildfire premium discounts outperform Oregon’s voluntary certificate program, highlighting effective insurance incentives for homeowner wildfire risk mitigation.

LA Wildfire Aftermath Spurs Lead Exposure Risks and Health Testing Efforts

Los Angeles County offers free blood lead testing amid concerns of soil contamination after the Eaton wildfire. Residents face potential exposure risks and remediation complexities.

Colorado Senate Blocks Wildfire Reinsurance Program Amid Insurance Cost Concerns

Colorado lawmakers rejected a bill to create a wildfire reinsurance program intended to stabilize the property insurance market amid rising wildfire risks and insurance costs. The proposal failed due to concerns over new fees on homeowners.

Louisiana Requires Insurers to Disclose Discounts Under New 2025 Regulation

Louisiana enacts new insurance law mandating disclosure of available vehicle and home insurance discounts. Key 2025 auto insurance reforms target legal cost drivers to improve market transparency and affordability.

Shelter Insurance Enhances Fraud Detection with AI-Powered Shift Claims Tool

Shelter Insurance adopts Shift Technology's AI-driven fraud detection tool to improve identification and investigation of auto and property insurance fraud, boosting operational efficiency and fraud mitigation in 20 U.S. states.

Louisiana Gov. Landry Pushes for Greater Insurance Rate Authority Amid Market Concerns

Louisiana Governor Jeff Landry champions legislation to expand the insurance commissioner's authority over auto insurance rates, igniting debate on market impact and regulatory balance.

Oregon Partners with Insurance Industry to Enhance Wildfire Home Protection

Oregon's State Fire Marshal partners with the Insurance Institute for Business and Home Safety to promote wildfire-resistant home improvements and manage insurance premiums amid wildfire risks.