In recent years, California has faced extensive damage from wildfires, prompting discussions about the future of property insurance in the state. One significant development was State Farm's request to raise property insurance rates by as much as 38%. This request became the focal point of a
The financial landscape for life insurance companies has drastically shifted since the 2008 financial crisis. The once-reliable strategy of depending on long-term bonds to match policy obligations has faced significant challenges due to historically low interest rates. As a result, insurers have
The controversy and fallout surrounding Florida’s property insurance industry have intensified, leading to rigorous scrutiny by the Florida House's Insurance & Banking Subcommittee. A comprehensive report has put a spotlight on the industry by exposing questionable financial practices by i
In an ambitious move to address the escalating problem of auto insurance costs, Alberta has introduced Bill 47, also known as the Automobile Insurance Act. This landmark legislation is an attempt to tackle the rising auto insurance premiums by focusing on the critical issue of personal injury claim
In the wake of the financial collapse and subsequent receivership of Key Insurance Co., policyholders are scrambling to secure alternative coverage to avoid interruptions in their automobile insurance. The Kansas Insurance Department’s intervention, following a review that indicated the company’s fi
A recent ruling by the Court of Appeal, which overturned a previous decision by the Technology and Construction Court, is expected to have far-reaching implications for insurance claims. The case involved Lonham Group and Scotbeef, a meat wholesaler that had engaged chilled and frozen storage
