A formal investigation into the California FAIR Plan Association has been launched by Los Angeles County officials following widespread reports of systemic claims handling failures after the 2025 wildfires. This inquiry, led by County Counsel Dawyn Harrison and supported by the Board of
The emergence of absolute AI exclusions in professional liability lines means a director could face a shareholder lawsuit without any legal defense or indemnification from their insurer. As organizations rush to integrate automated decision-making and generative tools into their workflows, the
The combined ratio has emerged as a definitive metric for evaluating the operational health and underwriting profitability of the newly streamlined organization. This indicator serves as the primary gauge for American International Group as it navigates a total structural transformation, moving
Insurers utilize contract terms to solve the monitoring problem, shifting a calculated portion of risk back to the homeowner to incentivize routine property upkeep. This strategic maneuver addresses the classic economic dilemma of moral hazard, a concept pioneered by economist Bengt Holmström,
The city’s insistence on a $650 million insurance policy aims to mitigate the catastrophic financial fallout that would follow a complete cancellation of the event. As the countdown to the 2028 Summer Games continues from 2026 through the next two years, City Administrative Officer Matt Szabo has
A seemingly legitimate car insurance policy discovered through a polished social media advertisement can quickly transform into a legal nightmare when a driver realizes their coverage is completely non-existent. While scrolling through a social media feed, a user might encounter an insurance deal
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