Personal Lines
LA Fire-Related Capital Hit Prompts State Farm Emergency Rate Request
State Farm General Insurance revealed that it has asked the California Department of Insurance to approve an "interim emergency" homeowners insurance rate hike, citing declining capital and a ...
Mangrove, Another New Property Insurer, Enters Florida Market
Itasca Re Chairman Stephen Weinstein has launched a new Florida-domiciled insurance carrier, known as Mangrove Property Insurance, with plans to assume thousands of policies from Citizens Property ...
Insurance Payouts at $4B and Counting for LA Wildfires
Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of ...
APCIA: Insurance Markets Work Best Without Excessive Price Regulation
The American Property Casualty Insurance Association (APCIA) recently released a report that concludes over-regulation impedes insurance markets "Insurance markets function best when allowed to ...
InsurTechs Highlight New Approaches to Wildfire Insurance
Years before the January 2025 Palisades and Eaton fires sparked in high-wind conditions in Southern California, growing to rank among the top three most destructive in U.S. history, InsurTechs ...
Delos Insurance Solutions Tackles a Nonstandard Peril: Wildfire
Kevin Stein believes that wildfires no longer fit into the standard insurance market. Stein is the CEO of Delos Insurance Solutions, an MGA that focuses on homeowners insurance in California. When he ...
Parametric Insurance Meets the Wildfire Peril: InsurTech Kettle Responds
Could parametric insurance become a bigger piece of the wildfire insurance market? Kettle is an insurance and reinsurance MGA built around a proprietary wildfire model that was developed using AI and ...
Structure Data Boosts Understanding of Wildfire Risk: Faura CEO
Valkyrie Holmes, CEO of Faura, believes that a deep understanding of the structural qualities of buildings is crucial to insuring properties in areas at high risk for wildfires. Her company ...