The bill, sponsored by Assemblymember Lisa Calderon (D-District 56), would authorize the California FAIR Plan to access additional financial capacity through the issuance of bonds or the establishment of a line of credit. The legislation follows a recent $1 billion assessment issued by the FAIR Plan.
The legislation also amends the fee structure applied to insurers and insurance professionals operating in the state, including adjustments to licensing fees for producers, adjusters, consultants, viatical settlement brokers, and rental car entity producers. While the primary fee structure remains largely unchanged, the reallocation of tax revenue may signal a shifting focus from direct insurance…
“We had greenwashing a couple of years ago, where companies claimed to be more sustainable or environmentally conscious than they really were,” Shah said. “Now, we’re seeing AI-washing – companies talking about their use of AI or their research into it in a way that doesn’t necessarily reflect reality.” Source link
With deer season upon us, your chances of hitting a deer are much higher during fall months. Stay safe while on the road with these tips from the University of North Carolina Highway Safety Research Center. 1. Be cautious while driving during dusk or dawn Deer are most active during sunrise and sunset, especially during…
As a college student, we know there’s a lot on your mind as the school year approaches. From meeting new friends and gaining independence to writing research papers and eating (sometimes questionable) food in the dining hall, the last thing you want to worry about is insurance. We’re here to help you understand how renters…
Her career began as an actuary at AIG before moving into underwriting, where she held senior positions, including president of American Home Assurance Company. She later joined Praetorian Insurance Company, which was acquired by QBE, where she served as president of QBE Specialty and chief actuary for QBE’s Americas division. Before TMHCC, she was president…
