#insurability

#insurability

Kalshi may brand itself as a 'prediction market,' but what it's actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law. No company gets to decide for itself which laws to follow.

District attorneys in and around New York City have prosecuted only a handful of drivers for staged crashes, including DAs in counties where insurance costs are among the highest in the state - a finding that undermines Hochul's argument that fraud is leading to what she calls New York's "high" insurance costs.

Our view is that large-language model digital agents can effectively do a non-immaterial portion of the work currently provided by 20-30k independent agents across the United States. The core of the firm's bearish thesis centers on a massive pool of routine, low-complexity insurance policies.

We're seeing more frequent, more severe extreme weather events and that inevitably affects claims and affects pricing it can't not. And this is happening all over the globe. More, after this week's most important reads.

The agreement will provide financial relief to many policyholders while ensuring continued coverage for State Farm policyholders while California's insurance market stabilizes. State Farm argued the emergency hike was necessary because catastrophic fire losses jeopardized its financial ratings. The company has reported that it paid out $6.2 billion in claims last year, largely from the wildfires, with most of the costs covered through reinsurance payments.

I don't want the closers and processors to have to get into the weeds with this. I don't want there to be any negative shadowing of our title offices, because we're having to ask for this. It's really not a title role, as far as the title insurance product that we provide. It definitely has been tasked to us, but it's not something that I want to be viewed as, 'Title requires this.' This is a governmental requirement.

Last November, two Washington residents filed a lawsuit accusing petroleum corporations of misleading the public for decades about fossil fuels' effect on climate change and how global warming is harming the planet and its inhabitants. Their lawsuit marks the latest addition to the growing number targeting Big Oil. The case, however, was novel, given the plaintiffs' damage claims: That increased carbon emissions from fossil fuel burning have intensified extreme weather events, such as hurricanes, wildfires, floods and heat waves.

Two California senators have asked for an investigation into the state insurance department's handling of complaints filed by Los Angeles wildfire victims struggling to collect payouts from State Farm. The calls follow a Los Angeles Times report Thursday that revealed a range of complaints among more than a dozen fire victims over how the state insurance department has handled their claims since the January wildfires.

Insurance is often one of those bills people think about only when premiums rise or a loss makes it necessary to review. Not updating a policy can cost you vastly more money than just paying a slightly higher premium, be that car insurance, home insurance or life insurance, to name a few. Rather than waiting to find out what coverage you have, brokers and other insurance experts offered some moves you should make as soon as possible.

Increases in the cost of delivering healthcare continue to be a challenge for health insurers and these rising costs are outpacing general inflation. Consequently, the price of medical care, medicines and treatments is increasing at a higher rate than everyday household expenses.

Industry NewsOn January 26, a bipartisan coalition of Oregon lawmakers introduced Senate Bill 1593, also known as the Oregon Recreation Commerce and Affordability Act of 2026 (ORCA), for consideration in the upcoming legislative session, which begins on February 2. "Oregon is facing an affordability crisis in recreation and health and fitness," Senator Mark Meek (D-Oregon City) said in a press release. "Prices are rising, businesses are closing, insurers are leaving-and Oregon

“fireball burning everything in its path”

As audit committees confront a rapidly expanding risk landscape, their role in corporate governance is being reshaped. Boards have often turned to current and former CFOs as independent directors, particularly for audit committees, because of their ability to translate complex operational and financial realities into effective oversight.For example, this month, J. Michael Hansen, former EVP and CFO of Cintas Corporation, was appointed to the audit committee at Paychex.

In the past week, a beneficial owner has continued to build a stake in insurance giant W.R. Berkley Corp. ( NYSE: WRB). And public offerings of shares of biotech firms Alumis Inc. ( NASDAQ: ALMS) and Aktis Oncology Inc. ( NASDAQ: AKTS) also brought insiders to the Buy window. Though these were the most prominent insider purchases in the past week, there were a handful of other notable ones as well. Let's take a quick look at these transactions.