INSURASALES

Tag: insurance regulation

California DOI Announces Reappointments to Key Insurance Advisory Committees

California Department of Insurance reappoints members to key advisory committees enhancing consumer protection, investment strategies, and diversity in the insurance industry.

Montana Legislators Pursue Study to Address Rising Homeowners Insurance Costs

Montana Legislature advances HJ 61 mandated study to analyze rising homeowners insurance premiums, data gaps, and market challenges. Key steps sought to enhance transparency and affordability.

California Wildfire Insurance Crisis Escalates in Rural High-Risk Areas

California's rural high-fire-risk areas face escalating homeowners insurance challenges as insurers retreat amid growing wildfire risks. The state's FAIR Plan surges with last-resort coverage, while regulatory efforts aim to stabilize the market.

House Collapses in Buxton Prompt Safety Warnings and Highlight Insurance Risks

Buxton house collapses highlight coastal erosion risks and insurance gaps. CHNS issues safety warnings; regulatory action on insurance policies discussed.

Oklahoma Homeowners Insurance Rates Driven by Losses and Market Dynamics

Explore how market concentration, loss payouts, and regulatory frameworks impact homeowners insurance premiums in Oklahoma amid rising natural disaster claims and inflation.

Florida's Citizens Property Insurance Shrinks as Private Insurers Gain Customers

Florida's Citizens Property Insurance Corp. sheds nearly 200,000 policies as private insurers expand, marking lowest policy levels since 2021. Depopulation program and regulatory reforms drive market shift amid hurricane risk.

California FAIR Plan Proposes 35.8% Average Rate Hike for Fire-Exposed Homeowners

The California FAIR Plan proposes a 35.8% average premium increase, with hikes up to 50.9% in fire-prone areas, impacting Santa Cruz County homeowners. Insurance professionals should monitor regulatory review and market implications.

Florida's Hurricane Fund Retention Formula Inflates Insurance Premiums

Florida's automatic increase in the Hurricane Catastrophe Fund retention contributes to higher homeowners insurance premiums by driving up reinsurance costs. Resetting the retention threshold could lower premiums and improve market stability.

Mississippi Car Insurance Rates in 2024: Competitive Providers and Key Risk Factors

Explore detailed insights on Mississippi car insurance rates in 2024. Learn how age, credit, and driving history affect premiums and discover leading providers like State Farm, USAA, and Allstate.

CT Regulators Propose More Flexible PHL Variable Policy Benefits Amid Moratorium

Connecticut regulators seek to adjust the moratorium on PHL Variable Insurance Co. policies, proposing more flexible benefits distribution amid ongoing financial rehabilitation efforts.