News
Workers' Comp Bureau of California Submits Pure Premium Filing of 10. 4%
23+ hour, 48+ min ago (190+ words) The Workers" Compensation Insurance Rating Bureau of California has submitted a September 1, 2026, pure premium rate filing to the California Insurance Commissioner proposing advisory pure premium rates that will be on average 10. 4% above the average approved September 1, " The Workers" Compensation Insurance…...
North Carolina Settles on 10% Dwelling Insurance Rate Increase Over 2 Years
3+ day, 13+ hour ago (184+ words) North Carolina's insurance commissioner has negotiated a 10% increase in average rates for dwelling insurance, for rental and non-owner-occupied properties, over the next two years. The North Carolina Rate Bureau, representing property insurers, last fall had filed for a 68% rate over…...
Travelers to Expand Homeowners Insurance Offering in California
4+ day, 13+ hour ago (403+ words) The Travelers Companies said it intends to expand its homeowners insurance offerings across California. Travelers notified the California Department of Insurance it intends to expand homeowners insurance availability across the state, explaining in a news release the move is due…...
California Insurance Commissioner Race Has Diverse Field, With 'Insurance Crisis' at Center of Platforms
1+ week, 1+ day ago (1739+ words) The race for the California Insurance Commissioner post has drawn 11 candidates covering several parties, and backgrounds that include two insurance agents, a former broker, a state legislator and a former state legislator. Addressing the state's "insurance crisis," which took on…...
Florida Sunshine: Big Improvement in Combined Ratio in 2025, Gallagher Says
1+ week, 1+ day ago (342+ words) Last year was a much better year for the once-distressed Florida insurance market, as direct written premium rose, policyholder surplus levels climbed, and the average combined ratio for carriers improved by a stunning 22 points, Gallagher Re reported this week. Gallagher's…...
California Wildfire Risk Bills Cruising Through Legislature
1+ week, 1+ day ago (370+ words) Two bills that are getting bipartisan support aimed at reducing wildfire risk in California are quickly making their way through state Legislature. Senate Bill 894 and Senate Bill 1297, which both address wildfire risk reduction in the state, passed through " Two bills…...
State Farm Paid a 'Hail' of a Lot of Claims in 2025
1+ week, 1+ day ago (765+ words) Providing its annual report of hail-related claims, State Farm said that it paid out $5. 6 billion nationally for such claims in 2025, and $1. 4 billion in Texas alone. The giant insurer's report on hail claims includes a list of the top 10 states based…...
California Commissioner Advances Proposal to Overhaul Intervenor Process
1+ week, 4+ day ago (158+ words) California Insurance Commissioner Ricardo Lara and the California Department of Insurance are continuing to try and revamp the state's intervenor process, in which groups or people are paid for intervening in rate hearings. Lara and the CDI submitted the Intervenor…...
Florida Needs More, Much More Wind Mitigation. Experts at OIR Summit Give Ideas
1+ week, 4+ day ago (437+ words) Florida has the largest wind-mitigation grant program in the country, providing more than $300 million to homeowners over the last few years and resulting in insurance premium discounts for thousands of people. But it's not enough. The program is not targeted…...
Workers' Comp Bureau of California Committee OKs 10. 4% Hike in Pure Premium Filing
2+ week, 23+ hour ago (148+ words) The Governing Committee of the Workers" Compensation Insurance Rating Bureau of California voted to authorize the WCIRB to submit a September 1, 2026, pure premium rate filing to the California Insurance Commissioner proposing advisory pure premium rates that will be on average…...