The California Earthquake Authority, the state’s privately funded and publicly managed earthquake “instrumentality,” is growing like mad. A spate of recent natural disasters—in combination with savvy management, new product offerings and a concerted effort to raise the profile of earthquake …
Insurance long has had a reputation as one of the most conservative industries and that reputation is, in many ways, an earned one. Certainly in comparison to their financial services cousins in banking and securities, insurance company operations on both …
The Florida Chamber of Commerce brought together regulators, lawmakers, insurance industry executives and other stakeholders last week for the chamber’s annual insurance summit. Through several panel discussions on pressing and emerging issues facing the state’s insurance market, the summit touched …
The end of Prohibition in 1933 was greeted with celebrations, as newspapers slapped large-type headlines on their front pages declaring, for instance, that “Prohibition Ends At Last.” President Franklin Delano Roosevelt’s reputed words have made it into the quotation books: …
Between Hurricanes Harvey and Irma, natural catastrophes are top of mind for many Americans. Yet, the nation’s exposure to catastrophic risk is not limited to wind and waves. Earthquakes, like hurricanes, are costly catastrophes that cast a shadow of potential …
The state that long has been home of the American auto industry also long has taken a unique approach to auto insurance. The Great Lake state is the only one in the country that requires auto insurance policies to pay …
Given the far-reaching nature of some of the bills that Gov. Jerry Brown signed into law in recent weeks, it’s no surprise that a relatively minor tweak to the insurance code didn’t muscle its way onto the front pages. But …
Every few years, after a major hurricane strike or other disaster, there are renewed calls for Congress to establish a national catastrophe fund to provide a safety net for property insurers and cheaper coverage for homeowners. A recent Tampa Bay …
Reforming the National Flood Insurance Program long has been a contentious issue. What it had never been, before 2017, is an explicitly partisan one. It was, instead, largely a regional dispute, as Republicans from Louisiana and Mississippi, and Democrats from …
California’s elected insurance commissioner, Dave Jones, is in the habit of picking fights he can’t win. From his perch atop the nation’s largest insurance regulatory body, he’s sought a federal investigation into a near midair collision, waged a rhetorical war …
