State Farm General, California’s largest home insurer, is seeking an emergency rate increase averaging 22% after incurring significant financial losses from the recent Los Angeles County wildfires.
Author: Maria Valdez Haubrich
Climate Change Disrupts Real Estate Trends
Residential real estate, valued at $50 trillion, has long been a cornerstone of the U.S. economy. However, climate change is significantly altering homeownership trends and property values.
USG Announces Hire of Uwannika Dunn in Baton Rouge, LA
USG Insurance Services, Inc., a prominent national wholesaler and MGA, is pleased to announce the addition of Uwannika Dunn to its Covington, LA, team.
South Carolina Bars Cut Hours as Lawmakers Debate Liquor Liability Insurance Reform
South Carolina bars and restaurants face a financial squeeze as soaring liquor liability insurance costs force some to cut back on late-night operations.
LA County Wildfire Claims Tracker: Ensuring Swift Insurance Payouts for Survivors
As Los Angeles County grapples with the devastation caused by the Palisades and Eaton fires, California Insurance Commissioner Ricardo Lara has taken decisive action to expedite insurance payouts and ensure wildfire survivors receive the financial support they need.
Nationwide Expands Stop-Loss Insurance with Allstate Acquisition
Nationwide is strategically strengthening its stop-loss insurance portfolio by acquiring Allstate Corporation’s employer stop-loss segment in a $1.25 billion deal.
Minnesota Home Insurance Rates Surge as Storm Damage and Industry Shifts Drive Up Costs
Homeowners across Minnesota are facing steep property insurance rate increases, with industry experts warning that relief is unlikely in the near future.
NC Crooked Creek Fire Fully Contained After Burning 220 Acres in McDowell County
Officials have confirmed that the Crooked Creek Fire, which burned 220 acres in McDowell County, North Carolina, is now fully contained. Emergency crews battled the wildfire for days, prioritizing structure protection and containment efforts.
Hawaii Lawmakers Face Challenges in Homeowners Insurance Relief Efforts
Hawaii state lawmakers are working to address rising homeowners insurance rates, but experts caution that meaningful relief may be difficult to achieve.
New Property Insurer Approved to Operate in Florida
Mangrove, headquartered near St. Petersburg and led by industry expert Stephen Weinstein, is the latest insurer to enter Florida’s property insurance sector.