San Francisco, California-based Resilience expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues. The company reported that its expanded authorities come after a strong year of growth, with fewer than 5% of …
With a key deadline coming up on Dec. 31, Covered California announced that 161,670 people have signed up for 2024 coverage as of Dec. 23 during this open enrollment. That marks an 18% increase over the same period last year …
California Insurance Commissioner Ricardo Lara issued an official notice to insurers regarding consumers who have been reporting issues obtaining auto insurance coverage. The California Department of Insurance continues to receive numerous complaints from consumers who have been having issues obtaining …
Hawaii Gov. Josh Green said he was requesting $425 million from lawmakers during the next fiscal year to help Maui recover from August’s wildfires, and millions more to reduce the risk of wildfires statewide. The proposed budget is Green`s first …
Initial data on fiscal year 2022/23 public self-insured claims experience in the California workers’ compensation system show that public self-insured’s total claim volume, spurred by a sharp drop in indemnity claims, fell 16.8% in the 12 months ending June 30 …
While today’s insurance agency errors and omissions market remains mostly stable, emerging exposures, cyber risk, natural disasters and more could shape its course ahead. Insurance Journal gathered three experts to share their perspectives on the market’s latest developments and outlook …
The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic inflation, according to Swiss Re. The pace of claims growth in the liability line of business challenges the insurability of …
Executive Summary: The potential for satellite technology to revolutionize claims management has long been recognized but has only recently been realized with technological advancements. Satellite-based data can give the insurer a “head start” on the event, according to Stephen Lathrope …
The withdrawal of major homeowners insurance companies in the California market made national headlines, but news just as concerning and impactful is California’s private passenger auto insurance market. Much like the homeowners market, the PPA market has seen significant changes …
Written premium in 2022 was 14% higher than 2021 and almost at the pre-pandemic level – an increase was driven by higher employee wage levels and the economic Recovery, according to a new report out on Wednesday from the Workers’ …
