Massive Florida State Farm case over alleged patient brokering scheme clears early legal hurdle

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. Source link

According to a report from Triple-I, Louisiana ranks among the least affordable states for both home and auto insurance, despite reforms introduced in 2024. “Louisiana, with the leadership of its insurance commissioner, Tim Temple, is on a potential path to stabilizing its insurance market,” said Triple-I CEO Sean Kevelighan. “We’ve seen in other states, like…

Improved returns despite deal count and mega-deal slowdown Source link

Industry and market outlook The leadership transition comes as Argo adapts to shifting industry dynamics, including regulatory changes, rising litigation costs, and evolving risks in the specialty insurance sector. With Donahue at the helm, the company is expected to continue refining its underwriting approach while seeking growth opportunities in niche markets. Source link

As we begin a new year, I want to take a moment to reflect on the incredible work we’ve accomplished together and share my excitement for what lies ahead in 2025. At CH Insurance, our foundation rests on our employees, our clients, our carrier partners, and our community. These pillars shape every decision we make and…

The upstream market, which has seen a 5% growth in capacity, is benefiting from a quiet year for losses. This growth continues to fuel soft market conditions. Insurers are under pressure to expand their market share, which has led to reductions in rates and an increasing willingness among underwriters to take on leadership roles, further…