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What is the state of California’s home insurance market?
[ad_1] Panelists included Michael Wara, director of Stanford University’s Climate and Energy Policy program; David Russell, director of CSU Northridge’s Center for Risk Management and Insurance; John Norwood, lobbyist for the Independent Insurance Agents and Brokers of California; Emily Rogan, senior program officer at United Policyholders; and Sanjay Wagle, senior vice president of governmental affairs…

Citizens Property Insurance looks for $2.94 billion in new private risk transfer
[ad_1] The report, which reviewed various aspects of the carrier’s operations – including customer service, claims handling, internal audits, and information technology – found that Citizens needs to strengthen its processes to ensure policies adhere to statutory coverage limits. [ad_2] Source link

American National halts life policy sales amid strategic business shift
[ad_1] Carrier to prioritize growth areas after substantial net loss [ad_2] Source link

Dollar Tree challenges Cincinnati Insurance over denied helium injury claim
[ad_1] According to the complaint, Dollar Tree entered into a Product Supply Agreement with Zephyr Solutions LLC on December 20, 2019. Zephyr agreed to supply helium products and high-pressure cylinders for use in Dollar Tree stores. The agreement required Zephyr to procure insurance, including commercial general liability coverage, naming Dollar Tree as an additional insured….

Skyward CEO ends ties with litigation finance firms over social inflation concerns
[ad_1] In April, Georgia enacted significant tort reform through Senate Bills 68 and 69, marking the most comprehensive overhaul of the state’s civil litigation system in nearly two decades. Gov. Brian Kemp signed these bills into law, following a legislative session that prioritized legal system reforms aimed at reducing litigation costs and stabilizing insurance premiums. …

Extreme weather events likely to cause billions in insured losses – report
[ad_1] It wasn’t the first time that catastrophe struck during the month [ad_2] Source link