California Homeowners Insurance Rates Rise as State Farm Secures 17% Increase
California homeowners face rising insurance costs after State Farm gains approval for a 17% emergency rate hike, highlighting regulatory and market trends.
JAB Holding to Acquire Prosperity Life Group, Including Shenandoah Life, for $3.1B
JAB Holding plans a $3.1 billion acquisition of Prosperity Life Group, owner of Shenandoah Life Insurance, marking a significant move in the U.S. life insurance market pending Virginia regulatory approval.