News
Workers' Comp Bureau of California Committee OKs 10. 4% Hike in Pure Premium Filing
17+ hour, 21+ min 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…...
Wildfire Mitigation Designation Program Now Available in Florida
1+ day, 17+ hour ago (488+ words) An insurance industry supported wildfire mitigation designation program has been expanded into 10 additional high-risk states with Florida being one. The expansion comes at a time when Florida is experiencing widespread drought conditions and state officials are concerned that the next…...
With Falling Private Re Prices, Should Florida Let Insurers Buy Less from the Cat Fund?
1+ day, 17+ hour ago (509+ words) For years, a segment of the Florida property insurance industry had lobbied for more access to the lower-cost reinsurance offered by the state-sanctioned Florida Hurricane Catastrophe Fund'mainly through a lowered retention, or deductible, level. Today, three years into Florida's tort-reform…...
With Florida Businesses Facing Higher Costs, is Premium Financing an Answer?
2+ day, 17+ hour ago (523+ words) Florida's population is growing rapidly, with over 23 million residents currently, and a projected growth of approximately 1. 24% annually. Florida's attractive business climate and tax policies, in contrast to states like New York and California, keep its competitive draw for large business…...
Public Interest Groups Backing California Homeowners Insurance Bills
2+ day, 17+ hour ago (115+ words) A coalition of 40 groups ranging from wildfire survivors to environmental to small business to and community organizations called on lawmakers to pass four bills in California Legislature they say will help people buy and keep homeowners insurance coverage. The groups…...
Canadian Insurers Push Owners to Fortify Homes, Urge Carney to Prioritize Climate Risks
3+ day, 9+ hour ago (410+ words) Worried about wildfires sending claims soaring this year, Canada's property and casualty insurers are pushing owners to flood- and fire-proof homes and urging the government to take climate issues more seriously despite economic turmoil. Insurers Intact Financial, TD Insurance, Wawanesa…...
Connecticut Senate Confirms Hershman as Insurance Commissioner
3+ day, 17+ hour ago (309+ words) The Connecticut Senate has confirmed Josh Hershman as the state's 34th insurance commissioner. Hershman has served as commissioner in an interim capacity since December 2025, replacing Andrew N. Mais who retired from state service last year after nearly seven years as commissioner. "Each…...
Florida Mobile Home Insurance Market Still Struggling With Premiums, Coverage
3+ day, 17+ hour ago (421+ words) Florida regulators have extended their supervision of American Mobile Insurance Exchange for another 120 days'for the sixth time in two years'suggesting that a runoff of the once-dominant carrier's policies may be taking longer than expected in a still-stressed Florida mobile home…...
Bamboo Insurance Launches Condo Owner Offering for Californians
4+ day, 6+ hour ago (396+ words) Bamboo Insurance launched a new condominium unit'owners (HO'6) insurance policy in California. The product is designed to address the insurance needs of condominium owners in the state, where coverage requirements often involve coordination between individual unit policies and homeowners association…...
California Utility Bills Are 20% Higher Due to Wildfires
4+ day, 17+ hour ago (605+ words) The escalating cost of wildfires now adds $41 to the average monthly power bill for residential customers of California's largest utility, according to a government report that calls for a systemic overhaul of how the state responds to conflagrations as climate…...