News
Outlook on State Farm A++ Rating Now Negative: AM Best
AM Best revised the outlooks of the A++ financial strength rating and aa+ long-term issuer credit ratings of State Farm Mutual Automobile Insurance Company (State Farm Mutual) and two affiliates, the ...
The Latest Launches from CAPE Analytics, Insurity, Vouch
CAPE Analytics, an artificial intelligence powered property intelligence provider, announced the launch of an expanded hail product suite, built to provide property insurers with a comprehensive ...
Workers Comp Patients Fare Worse After Spine Surgery Than Others
Workers compensation patients undergoing lumbar spine surgery don't do as well post-surgery as other patients undergoing the same procedures, according to two recently published studies in the ...
Calif. Commish Calls for Biggest Reform Since Prop 103; Planned Fixes Detailed
California Insurance Commissioner Ricardo Lara announced a package of sweeping executive actions that include changes to the FAIR Plan, new rules for the review of climate catastrophe models, and ...
Triple-I: California Insurers Still Impacted by 2017-2018 Wildfires
Paying out more than twice as much in claims and expenses as collected in premiums in both 2017 and 2018, California homeowners insurers are still feeling the impact in 2023, according to the ...
Breaking: California to Offer Insurers More Leeway to Set Rates for Fire Risk
California's insurance commissioner announced a new regulatory plan on Thursday that would allow insurers to factor future climate risks into their pricing and require them to offer more coverage in ...
Level 5—Full Self-Driving Vehicles—’Will Never Exist,’ Researcher Says
When you're driving your car, do you ever look through the rear window to make sure there's nothing behind it in harm's way? Now that many cars are equipped with backup cameras, looking back is a ...
Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire
Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire. The losses for the month of August were $551 million or $435 million, ...