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Florida OIR seeks split from DFS in push for unified insurance oversight
[ad_1] Regulator cites inefficiencies and low complaint transfer rates as key issues [ad_2] Source link

Auto insurance affordability under scrutiny in new report
[ad_1] In 2022, the most recent year for which data is available, US households spent an average of $1,127 per vehicle on auto insurance, representing 1.51% of the median household income of $74,580. This marked a slight increase from the previous year. State-by-state variations were significant, with North Dakota having the lowest expenditure share at…

Alaska House approves bill to exclude fishing co-ops from certain insurance regulations
[ad_1] Earlier in the legislative session, lawmakers considered creating a formal risk pool for commercial fishermen, modeled after municipal programs. Insurance Commissioner Lori Wing-Heier said such a pool could be established but noted concerns about funding and eligibility. She said the industry’s current financial condition could limit its ability to sustain a risk pool and…

Higher rates not enough to solve wildfire and weather crisis – Hippo
[ad_1] Hippo’s response to wildfire threats Hippo said that it has been expanding partnerships with housing developers to provide homeowners’ insurance, particularly in states like California, where McCathron said it serves as the company’s primary source of new business. The insurer currently has access to about 120,000 new dwellings nationwide, with continued quarterly growth. [ad_2]…

Progressive challenges liability in Missouri trucking crash lawsuit
[ad_1] According to the complaint, Walter Montejo was driving a tractor-trailer when the collision occurred at about 2:21 p.m. The crash resulted in bodily injury and property damage to several parties, with two wrongful death claims also in play. Lawsuits have been filed by Rudolph Colin and Jacob Helms (Case Number 25BA-CV02498), and by John…

Building a future Gen Z will stay for: How independent agencies can fight the talent war
[ad_1] Are agency owners waiting too long to prepare for the next generation? [ad_2] Source link