Florida OIR seeks split from DFS in push for unified insurance oversight

[ad_1] Factors contributing to premium increases,  Transparency options,  Definitions of “affordability” in rate-setting,  Methodologies for incorporating affordability into pricing, and  The financial condition of private passenger auto insurers and potential responses to excess profits.  The workgroup will include members of the state legislature, the Insurance Commissioner, MAIF’s Executive Director,…

[ad_1] The lawsuits come amid growing instability in the state’s property insurance market, where several insurers have scaled back offerings or exited the market altogether, citing increased wildfire risk, rising claims costs, and regulatory constraints. [ad_2] Source link

[ad_1] The insurance offering is part of Distinguished’s Fine Art & Collectibles program, which includes coverage options for items integral to creative work. The program, developed in collaboration with Johnsonese, is structured to address the specific risk profiles of artists, performers, and the professionals who support them.  [ad_2] Source link

[ad_1] Total global premium income grew by €557 billion to reach €7.0 trillion in 2024. Life insurance accounted for the largest share of this, generating €2,902 billion in premiums. Property and casualty (P&C) insurance followed at €2,424 billion, while health insurance contributed €1,682 billion. [ad_2] Source link

[ad_1] For the first quarter, Heritage reported a net income of $30.5 million, or $0.99 per diluted share, compared to $14.2 million, or $0.47 per diluted share, in the same period last year. Gross premiums earned in the quarter totaled $353.8 million, a 3.6% increase from the previous year’s $341.4 million. [ad_2] Source link

[ad_1] Strategic plan includes three main areas of focus [ad_2] Source link