#insurance-regulation

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#california-wildfires #fair-plan #homeowners-insurance #wildfire-risk #insurance-surcharges
California
fromLos Angeles Times
2 days ago

California insurers set to charge homeowners for L.A. County fire costs

California homeowners will face average surcharges of about $50 as insurers recoup portions of a $1 billion FAIR Plan assessment tied to January wildfires.
fromSun Sentinel
2 weeks ago

Insurance laws will protect us from AI decision making, experts tell panel

Insurance companies will always be held responsible for any decisions made with help from artificial intelligence even as the technology becomes more widely adopted and may someday be used to pay claims, insurance experts told a panel of state legislators on Tuesday. The Florida House of Representative's Subcommittee on Insurance and Banking invited several national insurance advisers to provide an overview of insurers' use of AI in their industry, in
US politics
#fair-plan
more#fair-plan
California
fromwww.mercurynews.com
3 weeks ago

Newsom calls on regulators for new solutions to California's insurance crisis

California is directing regulators to develop recommendations to stabilize the home insurance market, address wildfire mitigation, and balance insurer rate increases with coverage access.
California
fromThe Mercury News
4 weeks ago

California commissioner proposes insurance rule that critics call 'revenge'

Proposed rate-review changes by California Insurance Commissioner Ricardo Lara are likely to raise home insurance costs and restrict intervenor compensation and authority.
California
fromLos Angeles Times
1 month ago

Newsom, California lawmakers strike deal that would allow Uber, Lyft drivers to unionize

California rideshare drivers can unionize and bargain collectively while remaining independent contractors under a legislative compromise that also reduces Uber and Lyft insurance requirements.
fromTruthout
2 months ago

Health Insurance Premiums Are Rising Faster Than Ever Before

Consider that, from 2000 to 2020, egg prices fluctuated between just under $1 and about $3 a dozen; they reached $6.23 in March but then fell to $3.78 in June. Average gas prices, after seesawing between $2 and $4 a gallon for more than a decade starting in 2005, peaked at $4.93 in 2022 and recently fell back to just over $3.
Healthcare
Business
fromSun Sentinel
2 months ago

New home insurer with familiar ties approved to offer coverage in Florida

Viceroy Preferred Insurance Company received approval to operate in Florida as the 15th new insurer after 2022–2023 legislative reforms.
US politics
fromSFGATE
2 months ago

5 Key Takeaways: Major Insurer's Homeowners Rate Hike a Signal of Things To Come

State Farm raises homeowners insurance rates by 27.2% in Illinois, citing climate-related losses and rising construction costs.
US politics
fromwww.mercurynews.com
3 months ago

Elias: Bay Area's Garamendi saying insurance czar should go' unheard of

U.S. Rep. John Garamendi has publicly criticized fellow Democrat Ricardo Lara's performance as California's insurance commissioner.
fromwww.mercurynews.com
3 months ago

California's former insurance commissioner wants oil and gas companies to pay for the home insurance crisis

Insurance is the climate crisis canary in the coal mine, and the canary is dying. Severe-weather events are more common and extreme because we're not doing enough, fast enough, to transition from fossil fuels and other greenhouse gas-emitting industries.
California
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