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.
California's home insurance costs remain moderate but are expected to rise due to new regulatory reforms allowing insurers to use climate risk models, impacting affordability and coverage availability for homeowners, especially in fire-prone areas.
California Insurance Commissioner Ricardo Lara under investigation for ethics and transparency violations amid campaign finance and insurance industry dealings. Analysis of regulatory impacts and market implications.
California's FAIR Plan requests a 36% average rate increase after wildfire losses, highlighting growing challenges as private insurers leave disaster-prone markets and state pools assume more risk.
Bamboo Insurance teams with Accredited to deliver the E&S Signature homeowners insurance in California, enhancing coverage options amid market challenges.
California authorities uncovered a medical insurance fraud scheme involving stolen patient identities and false claims, with losses exceeding $10,000. The case highlights ongoing regulatory efforts to combat insurance fraud in the healthcare sector.
Homeowners insurance premiums are set to rise 8% in 2025, driving state-level reforms in California and Florida aimed at stabilizing markets impacted by natural disasters and regulatory challenges.
Panorama Insurance Associates backs the California Insurance Market Reform Act to modernize regulation, support agents, and address rising premiums amid insurer withdrawals.
California Insurance Commissioner Ricardo Lara dismisses lawsuit challenging regulatory authority, advancing efforts to stabilize the insurance market amid wildfire risks and insurer withdrawals.
COVU, Inc. strengthens its position in the insurance sector with the acquisition of Leland Insurance Services, a California-based independent agency known for high client retention and carrier partnerships.
