Allstate has asked the state to approve an average 34.1% homeowners insurance rate hike for this year, the Department of Insurance confirmed Thursday . The rate hike request, filed in April 2023, was initially for 39.6%. But Consumer Watchdog, a Santa Monica-based consumer advocacy group, petitioned to intervene. Allstate lowered the request this past January
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. But the reality is that when a company loses money each year, for long enough, its
BATON ROUGE, La. (BRPROUD) — Louisiana ranks high on the list for most expensive auto and homeowner insurance premiums. While bills are passed each year trying to help with the issue, a group of lawmakers are trying to take a deeper dive into what needs to be done. Louisiana ranks as the worst for the
PROTECTING HOMES— Firefighters try to cut open a garage door in an attempt to save a home on Kellwood Court in Oak Park during the 2018 Woolsey fire. Insurance companies are using fire as an excuse to drop coverage. Acorn file photo A proposal by state Insurance Commissioner Ricardo Lara is aimed at stemming the
Our Final Verdict We give Pet Care Insurance an overall rating of 4.9 out of 5 stars. As a pet professional, you know the importance of protecting your business and your clients. You also know how unpredictable four-legged companions can be. That’s why choosing reliable insurance is so important. If you have a business in
AssuredPartners NL LLC on Tuesday asked a federal judge in Louisville, Kentucky, for a temporary restraining order against a former sales executive and two employees who left the brokerage to work for Alliant Insurance Services Inc. AssuredPartners said in the motion filed in Alan J. Jones v. AssuredPartners NL LLC that injunctive relief is necessary
DFS Superintendent Harris Adopts Insurance Guidance to Combat Discrimination in Artificial Intelligence Establishes Principles to Protect Consumers When Insurers Use Artificial Intelligence in Underwriting and Pricing Today, Department of Financial Services (“DFS”) Superintendent Adrienne A. Harris adopted guidance to protect consumers from unfair or unlawful discrimination by insurers using artificial intelligence. “New York has a
Insurance Europe, the association representing insurance and reinsurance companies, has published its manifesto that outlines the insurance industry’s strategic priorities aimed at making the European Union more more prosperous, resilient, and competitive. The industry calls on EU policymakers to reduce protection gaps, continue to tackle climate change, increase private investment, and take a new approach
If your family relies on you for financial support, it’s probably time to get life insurance. In exchange for a monthly premium, a life insurance policy can replace income, help pay off debt, or provide a savings cushion for your dependents if you die prematurely. The amount you’ll pay for a policy depends on the
Whether preparing for a large family reunion in another state, booking a business trip with colleagues, or traveling with your college crew to a new country, you might consider group travel insurance. Group travel insurance provides financial protection for trips of 10 or more groups. But apart from the party size requirements, it functions the