INSURASALES

Louisiana Proposes Increasing Homestead Exemption to Alleviate Property Tax Burden

Louisiana proposes raising homestead exemption limits statewide, allowing parishes to reduce property tax burdens amid rising insurance and living costs. The constitutional amendment awaits voter approval, with fiscal impacts under review.

CMA Begins Review of Aviva's Proposed Acquisition of Direct Line

The UK's CMA initiates review of Aviva's acquisition of Direct Line, assessing competition impact in the UK insurance market with a decision expected by July 10, 2024.

Charges Dropped Against Stepson in Michigan Murder Case

Charges against stepson dropped in the Dee Warner murder case in Michigan. Trial set for husband facing murder and evidence tampering charges.

Business Insurance: Essential Risk Management News for Executives

Business Insurance delivers authoritative news and insights on risk management, risk transfer, and insurance industry trends to support executive decision-making.

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.

Garden Valley Fatal Fire Highlights Insurance Challenges and Fire Risks

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 Expand AI-Driven Aerial Surveillance for Home Insurance Risk Assessment

Texas insurers are increasingly using AI-analyzed aerial imagery to evaluate home insurance risks, impacting policy renewals and risk management strategies.

California Approves 17% Emergency Rate Hike for State Farm Home Insurance

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 Enforces Appraisal Clause in State Farm Hail Damage Dispute

Illinois Appellate Court requires State Farm to engage in appraisal for hail damage valuation dispute, despite insurer's coverage objection.

California Fire Victims Face Insurance Challenges Amid State Farm Rate Hike

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.