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Erie Insurance launches new foundation
[ad_1] The foundation will operate as a separate entity, with its board of directors and officers responsible for overseeing charitable strategy, funding decisions, and investment management. It will consolidate much of the company’s existing charitable activity, previously managed through the Erie Giving Network. [ad_2] Source link

California approves State Farm’s 22% insurance rate hike with conditions
[ad_1] The California Department of Insurance has been under pressure to stabilize the market, introducing new rules that allow insurers to factor in future climate risks when setting rates. However, these regulations have yet to take full effect, leaving insurers frustrated with a system that, they argue, does not allow them to charge premiums that reflect actual…

Green Shield launches wildfire-focused homeowners program in California, Colorado
[ad_1] It offers tailored protection and mitigation support in areas hit by insurance market retreat [ad_2] Source link

The captive craze is testing broker credibility, said industry veteran
[ad_1] Forget Fortune 500s – captives are going mainstream, and some brokers are dangerously unprepared [ad_2] Source link

Motorists Commercial Mutual Insurance v Farm Bureau over dealer courtesy van crash
[ad_1] At the time, the dealership’s shuttle was insured by Motorists Commercial Mutual Insurance Company. Smith lived with his then-wife, whose vehicle was insured by Farm Bureau, making him eligible for resident-relative coverage under her policy. Lacking personal auto insurance, Mr. Smith also filed for benefits through the Michigan Automobile Insurance Placement Facility, which provides…

Marsh taps Amy Barnes for global energy & power leadership role
[ad_1] Additionally, Marsh has also announced that Andrew Herring will take on the role of global chair of energy & power, effective January 1, 2026. Herring, who joined Marsh in 2010, has led the UK energy & power team since 2012 and will continue to be based in London. [ad_2] Source link