Young uninsured driver convictions doubles due to spike in car insurance premiums
The surge in car insurance premiums is leading to a rise in uninsured young drivers, with convictions doubling and causing concerns about road safety. [ more ]
Allstate could resume issuing new home insurance policies in CA
Insurance companies like Allstate might resume writing new homeowner policies in California pending rule changes to accurately reflect wildfire risks and rebuilding costs. [ more ]
State Farm will not renew more than 70K property policies in California
State Farm General Insurance is not renewing 30,000 residential and 42,000 commercial apartment policies in California, citing financial challenges and outdated regulations.
California Department of Insurance is pursuing reforms to align insurance rates better with risk, considering allowing catastrophe modeling for more accurate risk projections. [ more ]
Allstate could resume issuing new home insurance policies in CA
Insurance companies like Allstate might resume writing new homeowner policies in California pending rule changes to accurately reflect wildfire risks and rebuilding costs. [ more ]
State Farm will not renew more than 70K property policies in California
State Farm General Insurance is not renewing 30,000 residential and 42,000 commercial apartment policies in California, citing financial challenges and outdated regulations.
California Department of Insurance is pursuing reforms to align insurance rates better with risk, considering allowing catastrophe modeling for more accurate risk projections. [ more ]
3 Step Checklist to Better Apartment Building Insurance
Insurance rates for multi-family brownstones are increasing annually. A three-step process can help in acquiring suitable insurance at a fair price. [ more ]
Navigating the New Frontier: Insurance for Artificial Intelligence Risks
The New York Times filed a lawsuit against OpenAI and Microsoft for copyright infringement related to ChatGPT technology.
First wave of AI lawsuits focused on privacy invasion, copyright infringement, next wave may include cyberattacks and healthcare privacy issues. [ more ]