Tag: Homeowners Insurance

White Mountains Sells Controlling Interest in Bamboo MG Agent for $1.75B

White Mountains completes $1.75 billion sale of controlling interest in Bamboo insurance platform to CVC Capital Partners, retaining a 15% stake. Bamboo expands in U.S. homeowners insurance market.

Oklahoma Attorney General Intervenes in State Farm Insurance Fraud Case

Oklahoma Attorney General intervenes in State Farm litigation alleging widespread insurance fraud in homeowners wind and hail claims, highlighting regulatory and consumer protection issues.

Georgia’s 2026 Insurance and Regulatory Laws Enhance Consumer Protections

Georgia's 2026 laws introduce increased homeowners insurance protections, health insurance digital service mandates, and shifts in behavioral health oversight impacting insurance compliance and consumer protections.

Oklahoma AG Intervenes in State Farm Wind-Hail Claims Litigation

Oklahoma Attorney General intervenes in State Farm litigation over alleged scheme reducing payouts on wind and hail homeowners insurance claims, seeking penalties and reforms.

Nevada Launches Wildfire Insurance Sandbox to Test New Coverage Models

Nevada's wildfire insurance sandbox starting in 2026 allows new policy types but raises concerns over homeowner coverage gaps amid rising wildfire risks and insurance market challenges.

Oklahoma AG Sues State Farm Over Alleged Denial of Hail Damage Claims

Oklahoma Attorney General files lawsuit accusing State Farm of coordinated hail damage claim denials amid regulatory scrutiny and ongoing market investigations into insurance practices.

Consumer Reports’ 2025 Impact Highlights Regulatory and Insurance Market Challenges

Consumer Reports’ 2025 impact report reveals high lead levels in protein powders, calls for homeowners insurance transparency, and highlights toddler product safety risks amid evolving regulatory challenges.

Oklahoma AG Joins Suit Against State Farm Over Storm Claim Payouts

Oklahoma Attorney General joins lawsuit accusing State Farm of underpaying storm damage claims and violating state consumer protection laws, seeking policyholder reimbursements and regulatory reforms.

Senators Urge FHFA to Reverse Replacement Cost Insurance Mandate on Mortgages

U.S. Senators call on FHFA to rescind 2024 mandate requiring replacement cost homeowners insurance for federally-backed mortgages, citing affordability and market diversity concerns.

U.S. Senators Urge FHFA to Rescind Restrictive Homeowners' Insurance Mandate

U.S. senators call on FHFA to reverse the mandate requiring replacement cost value homeowners' insurance for federally-backed mortgages, citing impacts on affordability and choice, especially in rural markets.