San Jose’s law, the first of its kind in the country, requires gun owners in the city of nearly one million to have insurance that covers the costs of accidental gunshot injuries or deaths.
Author: Annie George
Nearly 16 Million Americans Sign up for 2023 Obamacare Plans
Nearly 16 million Americans have so far signed up for health insurance through the Affordable Care Act’s marketplace.
FEMA Shrinks NFIP Reinsurance Program by Over 50% Amid Hard Market
FEMA has completed its 2023 traditional reinsurance placement for the National Flood Insurance Program (NFIP).
Tornadoes, Hurricanes and Wildfires Racked Up $165B in Disaster Damage in 2022
A series of major disasters, including the deadly Hurricane Ian, increased the cost of extreme weather events to around $165 billion.
Climate Change and La Niña Drove Losses of $120B in 2022: Munich Re
With overall losses of around $270bn (previous year $320bn) and insured losses of roughly $120bn (previous year $120bn), 2022 joins the recent run of years with high losses.
SEC Charges McDonald’s Former CEO for Misrepresentations to Investors
The SEC charged former McDonald’s Corp CEO Stephen Easterbrook on Monday with making false and misleading statements to investors about the circumstances of his termination in 2019.
Distinguished Programs Announces New Program with Core Specialty for Hotel General Liability Coverage
Distinguished Programs announced its partnership to with Core Specialty to provide General Liability & Auto Liability coverage for hotels.
SIAA Finishes 2022 with Multiple Acquisitions and Over 700 New Member Agencies
SIAA reaffirms commitment to local independent agencies and expands position supporting carriers with independent agency distribution.
Commercial Lines Insurance Composite Rate Increases 5.1% in 4Q 2022
The composite rate for US commercial insurance rates was up 5.1% in the fourth quarter of 2022.
Cat-exposed Homeowner Risks Continue to Experience Large Rate Increases
The composite rate for all personal lines coverages increased 5.2% in the fourth quarter of 2022, a rate which held steady for most of the entire year.