In recent years, Florida has made significant strides in its lawsuit abuse reform efforts, aiming to curb excessive litigation, stabilize insurance markets, and reduce costs for its residents. Spearheaded by the Florida Legislature and Governor Ron DeSantis, these reforms have been instrumental in
Intensifying wildfires in California, exacerbated by human-caused climate change, have prompted significant challenges for homeowners in securing insurance coverage. With insurers withdrawing from the state, policies that had been stable fixtures for years are being terminated, leaving homeowners
As technology evolves, the use of artificial intelligence (AI) in various sectors becomes increasingly prominent, raising significant questions about its applications and potential limitations. The state of Florida is considering a proposed bill, SB 794, to prohibit the exclusive use of AI in
The small community of Kayenta, Utah, recently found itself grappling with a surprising and disturbing trend: major insurance companies are dropping homeowners coverage in the area. This move has come as a shock to many residents, particularly because Kayenta has experienced little to no
The start of 2025 has brought a noticeable shift in household insurance premiums, providing a brief respite amidst ongoing economic challenges. General insurance provider Berkeley Alexander has reported that premiums have softened, reflecting a significant trend in the industry. According to their
WTW’s Commercial Lines Insurance Pricing Survey (CLIPS) has revealed notable insights regarding U.S. commercial insurance rates. The survey indicated an aggregate increase of 5.6% in the fourth quarter of 2024 compared to the same period in the previous year. Though this increase remains s
