INSURASALES

Tag: California insurance

California Insurance Market Reform Act Gains Support Amid Market Strains

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 Dismisses Lawsuit to Protect Market Stability

California Insurance Commissioner Ricardo Lara dismisses lawsuit challenging regulatory authority, advancing efforts to stabilize the insurance market amid wildfire risks and insurer withdrawals.

COVU Acquires California-based Leland Insurance Services

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.

California Advances Insurance Reforms to Address Southern California Fire Crisis

California implements regulatory reforms including catastrophe modeling and streamlined rate approvals to address the Southern California fire insurance crisis and enhance market stability.

California Court Rules Against FAIR Plan's Smoke Damage Claim Practices

California court finds FAIR Plan's smoke damage claim restrictions unlawful, impacting wildfire-related home insurance coverage and insurer liability standards.

California Expands FAIR Plan Coverage and Boosts Transparency Amid Wildfire Claims Review

California Insurance Commissioner expands FAIR Plan coverage to commercial properties and enhances transparency as wildfire claims and regulatory scrutiny increase. Learn about the impacts on insurers and policyholders.

Hiscox and Bellwether Introduce AI-Powered Wildfire Risk Model for California Insurance

Hiscox partners with Bellwether to deploy an AI-driven wildfire risk model enhancing risk assessment and pricing in California's property insurance market.

California Insurance Market Faces Regulatory Hurdles Despite New Cat Modeling Rules

Explore California's regulatory challenges in homeowners insurance amid new catastrophe modeling rules, Florida's tort reform impact, and industry perspectives on rate adequacy and market stability.

California Homeowners Face Insurance Non-Renewals and Premium Increases in 2023

In 2023, Fresno County homeowners in California face increasing insurance non-renewals and premiums due to market challenges and regulatory developments. Learn about policy renewal conditions, aerial inspections, and the state's sustainable insurance strategy.

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.