Personal Lines
California Insurer of Last Resort Is Unprepared for Big Disaster
California's property insurer of last resort told lawmakers that it's financially unprepared to cover the costs of a major catastrophe in the state. The plan now faces $311 billion in potential ...Why Do I Need a Lawyer? I Was Just Out for a Walk
During a recent webinar, an insurance company representative imagined the thought process of potential plaintiffs who might consider calling a lawyer.
State Farm Announces New CEO; Farney Succeeding Tipsord June 1
The State Farm Mutual board of directors has selected President Jon Farney as the company's next Chief Executive Officer. Farney will succeed retiring CEO Michael Tipsord on June 1. Farney joined ...Triple-I: Regulatory Restrictions Contribute to Risk Crisis in California
Regulatory restrictions to actuarially sound insurance pricing and underwriting, coupled with the need for more mitigation and resilience efforts in the state of California, are placing financial ...Low Cost, Early Warning System Being Tested to Detect Cognitive Changes in Older Drivers
A new study released by Florida Atlantic University (FAU) indicates cognitive changes in older drivers can be detected relatively easily through the use of low-cost, in-vehicle sensors. Because ...IIHS: Most Cars With Self-Driving, Driver-Assist Tech Get Low Safety Marks
Tesla's Autopilot and Full Self Driving technology and nine other assisted-driving systems marketed by major automakers received "poor" ratings from the U.S. Insurance Institute for Highway Safety in ...NAIC P/C Market Intelligence Data Call Announced; Data Due June 6
While the U.S. Treasury dropped a plan for the Federal Insurance Office to collect data on climate-related risks from property/casualty insurers last week, regulators still want to scrutinize what's ...Twice as Many Personal Lines Insurers Downgraded by AM Best in 2023
AM Best delivered 39 downward credit rating actions to U.S. personal lines insurers in 2023, more than twice the number registered for 2022, the rating agency reported in it official tally for the ...Florida Insurance Legislation Update: Bills That Passed; Bills That Didn’t Pass
A number of property insurance-related bills were introduced in the Florida legislature this year—from a fundamental change to the Citizens Property Insurance Corp. coverage model to further ...