Insurers are praising new trailer bill language in the California budget that promises to expedite the home and auto insurance rate filing approval process. California Gov. Gavin Newsom first made the proposal to speed up the rate filing process while …
Fire departments across the state are reevaluating their emergency communication capabilities after the Maui wildfires, when the vulnerability of the island’s cellular network — and a lack of advanced communication tools in fire vehicles — complicated efforts by first responders …
The U.S. homeowners insurance segment posted its worst underwriting results in over a decade in 2023, according to an analysis by S&P Global Market Intelligence. The net combined ratio for the homeowners business, excluding policyholders’ dividends, was 110.5 in 2023, …
As Maui continues to recover from the deadliest U.S. wildfire in more than a century, Hawaii officials are looking at preventing another similar disaster ahead of what is expected to be a dry, fire-prone season, Gov. Josh Green said in …
A University of Hawaii study examining the health effects of last year’s deadly wildfires on Maui found that up to 74% of participants may have difficulty breathing and otherwise have poor respiratory health, and almost half showed signs of compromised …
According to the Insurance Research Council (IRC), the average homeowners insurance expenditure has become less affordable for U.S. consumers over time. Looking at the the years 2001 to 2021—the latest year in which relevant data is available—homeowners spent about 2% …
Hawaii lawmakers appropriated funds for more firefighting equipment and a state fire marshal after the deadliest U.S. wildfire in more than a century ripped through the historic Maui town of Lahaina and exposed shortcomings in the state’s readiness for such …
Farmers Insurance said it will resume accepting new business commercial multi-peril applications for auto service & repair, habitational, manufacturing, real estate and wholesale distribution policies in California. The action follows the insurer group’s recent decision to lift its temporary moratorium …
A report looking at 1.2 million homes in Colorado shows risks in the one of the top states for hail-related insurance claims are made worse by the state of some properties. The Arturo used artificial intelligence models with aerial imagery, …
The Nevada Division of Insurance is launching a web-based tool that enables Nevada consumers to identify insurance carriers that are currently accepting home insurance applications by specific ZIP code. The NVDOI said its tool is a recognition that personal home …
