California Insurance Commissioner Ricardo Lara has provisionally approved State Farm General’s request for an emergency 22% increase in homeowners insurance rates.
Author: Maria Valdez Haubrich
The Standard’s Employee Giving Program Donates Nearly $6 Million in 2024
In 2024, more than 1,700 employees at Standard Insurance Company (The Standard) donated over $2 million through the company’s Employee Giving 365 (EG365) program, benefiting 2,739 schools and nonprofit organizations nationwide.
Rebuilding Fire-Impacted Communities: Expert Strategies for Safer Design
Wildfires have once again left a lasting impact on Southern California, reducing entire neighborhoods to ash and prompting critical discussions on how to rebuild in a way that prioritizes safety.
Court Denies AssuredPartners’ Request for Injunction in Legal Dispute with Former Employees
AssuredPartners (AP) filed a lawsuit in December 2024 against EPIC Insurance Brokers & Consultants and three former employees alleging breach of contract, misappropriation of trade secrets, tortious interference, unjust enrichment, and breach of the duty of loyalty.
Gallagher’s AssuredPartners Acquisition Faces Timeline Adjustment Due to Regulatory Review
Arthur J. Gallagher & Co. has announced that the anticipated closure of its $13.45 billion acquisition of AssuredPartners Inc. will likely be pushed to the second half of 2025.
Wildfire Recovery in L.A. Stalls as Insurers Pull Back on Coverage
The aftermath of the recent wildfires in Los Angeles, particularly in the Pacific Palisades area, has left displaced residents facing significant challenges in rebuilding due to insurance constraints.
USG Announces Hire of Joshua Reinhold in Trinity, FL
USG Insurance Services, Inc., a prominent national wholesaler and MGA, is pleased to announce the addition of Joshua Reinhold to their Tampa, FL, office.
Louisiana Property Insurance Market Shows Signs of Stability as Rate Increases Decline
The Louisiana Department of Insurance (LDI) reports notable progress in stabilizing the state’s property insurance. Since the legislation passed, 10 new homeowners insurers have entered the market.
Redfin Report: The Rise of the Rich Renters
Nearly three-quarters of the most populous U.S. metropolitan areas (35 out of 50) have seen wealthy renters take up a bigger piece of the rental market pie in recent years, led by Raleigh, NC, and Orlando, FL.
AccuWeather’s 2025 Tornado Season Forecast: What to Expect
As severe weather season kicks into gear across the United States, meteorologists at AccuWeather have released their predictions for the 2025 tornado season.