News
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 ...
For nearly four years, Drew Hill has worked alongside Vertafore through our partnership with Mutual Capital Analytics (MCA), helping insurance...
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, ...
As Complaints Against Pharmacists Rise So Does the Cost to Defend Them
The cost to defend complaints against pharmacists to their State Board has increased more than 100 percent in the last decade, according to a newly released claim report published by Healthcare ...
Minivans Disappoint When it Comes to Rear Seat Safety
Of four popular minivan models tested in the Insurance Institute for Highway Safety (IIHS) updated moderate overlap front crash test, not one earned an acceptable or good rating. The Chrysler ...
Global Business Group Developing Standards to Account for Climate Risks
An international working group of 40 business and finance executives on Monday presented companies with guidelines on explaining to investors their dependence on ecosystems in a bid to better manage ...