A new insurer writing new homeowner policies in the state – and a slowing rate of premium increases – indicate the state’s homeowner insurance market is “strengthening,’ state officials say. CEO: Florida homeowners insurer Citizens seeing price pressure ease State’s insurer of last resort, Citizens, successful in reducing its exposure, CEO Tim Cerio says A
As industrywide auto insurance loss costs appear to be moderating, consumers continue to shop policies at elevated rates, according to the latest quarterly Insurance Personal Lines and Perspectives report from TransUnion. The American consumer credit reporting agency found that the number of auto insurance shoppers increased 6.5% year-over-year during the second quarter of 2024. The
Jimmy Kimmel Live! helped a few actors (er, Jeff Goldblum impersonators?) qualify for union health insurance during Thursday night’s episode. Guest host Goldblum introduced a segment to the audience in which he said they’d be inviting some working actors on stage to a deliver a few lines, and get paid, so they could meet the
Companion Protect, a Kansas City-based pet health administration company, announced it has closed a $20.25 million extension round from Series A investors. This follows last year’s $27 million Series A funding round from Avanta Ventures, Liberty Mutual Insurance, Old Republic International, and Stray Dog Enterprises. Companion Protect is a national B2B2C pet insurance and pet
By Daniel Ducassi (August 15, 2024, 7:48 PM EDT) — Colorado’s chief U.S. magistrate judge told a room full of attorneys Thursday that insurance cases have started to dominate the court’s dockets, comprising almost half the district’s civil jury trials last year…. Law360 is on it, so you are, too. A Law360 subscription puts you
The Emirati government introduced a new initiative that will assist individuals with applying for health insurance concurrently with their tourist visa. Key Points: The project will be managed by the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP). The new policy will allow tourists to obtain health insurance through the ICP online platform
Geocoding lies at the heart of many insurance carriers’ operations and is the foundation of understanding location-based risk. Its use facilitates risk assessment, program development, product development, and underwriting processes. However, the industry has recently noticed several problems stemming from inaccurate or outdated geocoding data. Similarly, while parcel-level, street-level, and ZIP9 geocodes have been the
Safety Insurance Group Inc.’s (NASDAQ:SAFT) Vice President, Chief Financial Officer, and Secretary, Christopher Thomas Whitford, recently sold company shares, according to the latest filings. On August 14, Whitford sold 300 shares of Safety Insurance Group at a price of $79.60 per share, totaling approximately $23,880. The transaction has slightly adjusted Whitford’s holding in the company,
On August 12, 2024, three Congressional Democrats (Casten (D-IL); Waters (D-CA); and Senator Whitehouse (D-RI)) sent a letter to the National Association of Insurance Commissioners (NAIC), inquiring as to “the status of the NAIC’s adoption of the 18 relevant recommendations made by the [Federal Insurance Office] around integrating climate-related financial risks into U.S. insurance supervision
We recently compiled a list of the Car Insurance Rates Skyrocketing: 10 Best Stocks to Buy. In this article, we are going to take a look at where The Allstate Corporation (NYSE:ALL) stands against the other car insurance stocks. Ever since the coronavirus pandemic, a wide variety of industries, ranging from technology to energy and