News
States Push Changes to Driver, Auto Insurance Requirements in 2025
The new year welcomed new driver and auto insurance-related requirements in 2025. Beginning January 1st, California's minimum insurance limits increased to $30,000 for bodily injury and $60,000 per ...
Health Risks Found in Unburned Homes After Wildfire
Residents who returned to unburned homes after a 2021 wildfire near Boulder, Colorado often reported health issues months later, a study has found. The most common symptoms reported by survey ...
Missouri Man Pleads Guilty to Staged Auto Crashes Netting More Than $100,000
Earlier this week, a St. Louis, Missouri, man admitted to staging a series of vehicle accidents and injuries to defraud insurance companies, according to the U.S. Attorney's Office, Eastern District ...
New Consumer Label Rates Devices Less Likely to Be Hacked
The federal government is rolling out a consumer labeling system designed to help Americans pick smart devices that are less vulnerable to hacking. Under the voluntary program, called the U.S. Cyber ...
State Farm Pausing Nonrenewals in Compliance With CDI Notice
State Farm, in an update about its claims response to customers impacted by the wildfires in California, indicated that some policyholders slated for nonrenewals will get a reprieve from the giant ...
California Wildfires Could Spark Insurance Moratoriums, Other Challenges
As wildfires continue to wreak havoc across California, experts say one part of the recovery process that is proving particularly challenging for high-net-worth ...
Too High? Too Low? BMS Analyzes Early Wildfire Insured Loss Estimates
Industry analysts' early estimates of insurance industry losses for the January 2025 California wildfires have already grown from $8 billion to $40 billion-plus—with many noting that it's too early ...
Los Angeles Wildfire to Have Limited National Economic Impact: Economists
Devastating fires in the Los Angeles, California, area are likely to put modest pressure on the U.S. national economy in the near term but are unlikely to derail strong forward momentum, economists ...