Louisiana's High Bodily Injury Auto Claims Drive Premiums; Tort Reform Debate Continues
Louisiana's elevated bodily injury auto claims exceed national rates, impacting premiums and prompting ongoing debates over tort reform and insurer transparency.
Insurance Data Tracking in Apps Raises Regulatory and Privacy Concerns
Examining concerns over app-based tracking of driving data affecting auto insurance rates, related lawsuits, and emerging U.S. privacy legislation.
2025 Marks Key Anniversaries for Social Security, Medicare, Medicaid, ADA, and ACA
Explore the 2025 anniversaries of foundational U.S. laws: Social Security, Medicare, Medicaid, ADA, and ACA, highlighting their impact on insurance regulation and healthcare policy.
SEC Cybersecurity Enforcement Spurs New Insurance Solutions in 2024
Amid increased SEC enforcement of cybersecurity disclosures, QBE introduces enhanced cyber insurance coverages addressing regulatory gaps for public companies in 2024.
Washington State Guidance on Annuities: Compliance and Consumer Considerations
Washington state issues guidelines emphasizing financial, tax, and investment considerations for insurance professionals recommending annuities. Resources support locating existing contracts and understanding annuity benefits and risks.
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.
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.
Florida Hurricane Catastrophe Fund Maintains Strong Position Ahead of 2025 Season
The Florida Hurricane Catastrophe Fund remains financially strong for the 2025 hurricane season, providing crucial reinsurance support to private insurers amid market challenges.
California Fair Plan Surcharges Homeowners to Offset $1 Billion Fire Losses
California FAIR Plan seeks to surcharge homeowners statewide to recover $1 billion in wildfire claims from 2024 Los Angeles fires. Regulatory approval pending, with legal challenges ongoing.
Trident and MSIG USA Leadership Changes Highlight Insurance Market Shifts
Trident Reciprocal Exchange names Ryan Hodges CEO amid Florida homeowners market shifts; MSIG USA appoints Tony Beirne and Dale James to actuarial and risk leadership roles.