California drivers who use State Farm for their auto insurance coverage are facing a premium increase of $263.7 million.
Author: Annie George
Stop Insuring Carbon Projects ‘Immediately’, Activists Tell Bosses
A group of climate activists has called on 30 insurance company bosses to “immediately” stop underwriting new fossil fuel projects.
Distress in Office Market Spreads to High-End Buildings
Defaults and vacancies are on the rise at high-end office buildings, in the latest sign that remote work and rising interest rates are spreading pain to more corners of the commercial real-estate market.
PLM Raising Funds for St. Baldrick’s Foundation through Head Shaving Event
Pennsylvania Lumbermens Mutual Insurance Company (PLM) is hosting a fundraiser in support of the St. Baldrick’s Foundation, a charity dedicated to supporting research to find cures for childhood cancer.
The Rise of MGAs Starting Their Own Insurance Companies
Fueled by COVID, hard market, tech, and unpredictable climate events, the insurance industry was already undergoing significant changes, and now we witness MGAs starting their own insurance companies and buying out existing brokers.
South Hit by More Severe Weather After Tornadoes Leave 26 Dead
Severe storms rumbled across parts of the South on Sunday, two days after violent tornadoes smashed through the Mississippi Delta region, gutting rural towns and leaving more than two dozen people dead.
Welcome to the Superprime Banking Crisis
Banks such as Silicon Valley Bank and Signature Bank that catered to some of the wealthiest, most creditworthy clients—those with superprime credit scores—are the ones running into the biggest problems.
Biden Said Federal Deposit Insurance Could Be Tapped Further If Banks Fail
President Joe Biden said on Friday that federal deposit insurance could be tapped for deposits above $250,000 if other U.S. banks fail.
Work-From-Home Era Ends for Millions of Americans
Working remotely is becoming increasingly rare a few years after the pandemic caused millions of Americans to decamp from worksites to their basements and bedrooms.
Louisiana Lawmakers Hope to Fix State’s Insurance Market
Since a series of punishing hurricanes battered Louisiana’s coast and upended the state’s insurance marketplace, officials have tried to right the ship by enticing companies to write policies here with millions in incentive payments.