6+ hour, 25+ min ago  (473+ words) A federal appeals court has struck down a California law aimed at curbing dialysis-driven distortion of insurance risk pools. On April 7, the Ninth Circuit found that three of five challenged provisions of California Assembly Bill 290 violate the First Amendment. The…...

1+ week, 6+ day ago  (326+ words) Fee-based remuneration has long been common in specialty lines such as D&O, marine, aviation and other complex commercial risks. What is new, or at least becoming more visible, is the way that logic is appearing in brokered home insurance…...

3+ week, 2+ day ago  (705+ words) For many Canadian collectors, the single biggest risk to their card, memorabilia or art collections isn't theft or fire " it's assuming their homeowner's policy will pick up the tab if something goes wrong. "The biggest risk is assuming that a…...

3+ week, 4+ day ago  (529+ words) CHU Underwriting Agencies (CHU) has focused its latest residential strata reforms on making cover more responsive to the realities of modern strata living. By refining policy structure and improving pricing visibility, the organisation is delivering practical innovation across the insurance…...

4+ week, 8+ hour ago  (702+ words) Most Canadians are paying more for home and auto insurance, and the pressures behind those increases are showing up not only in household budgets but also in claims and regulatory data, Global News reported, citing data from a new Rates....

4+ week, 4+ hour ago  (400+ words) Homeowners who rent out properties as short-term rentals risk significant gaps in their insurance coverage, with standard policies typically failing to account for commercial activity such as listing on Airbnb or Vrbo, the Insurance Information Institute (Triple-I) has warned in…...

4+ week, 9+ hour ago  (555+ words) An Oregon bill that sought to reduce wildfire insurance rates by rewarding homeowners for mitigation efforts has died in the state legislature after the insurance industry mounted late opposition, despite bipartisan support from lawmakers. Senate Bill 1540 would have required insurers…...

4+ week, 1+ day ago  (198+ words) A crop insurance software company says federal regulators pulled the rug out from under it - after repeatedly approving its business model. At the heart of the dispute is a familiar question for insurers: what counts as agent compensation under the…...

1+ mon, 1+ day ago  (543+ words) Florida's five largest private-passenger auto insurers are reducing rates by an average of 8% this year, state insurance commissioner Mike Yaworsky announced, as strong earnings and declining loss ratios reshape the state's auto insurance market. The five carriers - Progressive, Berkshire Hathaway,…...

1+ mon, 1+ week ago  (455+ words) As Canada's wildfire seasons grow longer and more destructive, the Canadian Institute of Actuaries (CIA) has released new guidance to help property and casualty (P&C) insurers better assess, price, and underwrite wildfire risk. The report, Wildfire Risk Considerations for P…...