Florida’s proposed legislation could alter auto insurance market structure – report

The dispute centers on a Feb. 14 court order, which stayed an earlier emergency order issued by the Utah Insurance Department on Dec. 2, 2024. That emergency order had restricted the operations of three A-CAP-affiliated entities: Sentinel Security Life Insurance Company, Haymarket Insurance Company, and Jazz Reinsurance Company. Source link

Regressive actions worsening the nat-cat protection gap While governments, companies, and individuals are taking action on the protection gap, risk management has been inconsistent, Mantero said. He cited high population growth rates in catastrophe-prone areas in the United States, such as Florida, where Hurricane Ian dealt significant inland flooding and damage to communities in 2022….

Proposal targets uninsured rates with capped pricing and PIP opt-out options Source link

“I think the challenge is how can you control that? Because you wouldn’t, as an insurance company, declare overnight that everybody is allowed to write software to change pricing models,” he said. As a result, the question for the market is how to make sure that this technology is pointing in the right direction, which…

Rate hikes slow and new carriers arrive Source link

Gallagher chief on what separates a good experience from a great one Source link