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Defendant gets break in civil racketeering charge bought by American Transit Insurance Company in NY
Insurer claims multimillion dollar fraud, racketeering Source link
California approves State Farm’s 22% insurance rate hike with conditions
The California Department of Insurance has been under pressure to stabilize the market, introducing new rules that allow insurers to factor in future climate risks when setting rates. However, these regulations have yet to take full effect, leaving insurers frustrated with a system that, they argue, does not allow them to charge premiums that reflect actual risk….
Human talent still trumps AI
Despite acceleration of technology, risk takers are key for insurance companies, says industry veteran Source link
Davies names CEO of North American subsidiary
Predecessor switched into group deputy CEO role earlier in the year Source link
Geico signs multi-year lease in Tampa
The insurer, part of Berkshire Hathaway Insurance Group, currently employs nearly 3,800 workers across Florida, primarily in Jacksonville and Lakeland. Geico said the expansion is part of its ongoing commitment to modernize operations and grow its business. Source link
Revealed – APCIA shares advice to residents affected by severe weather events
Jon Ward, APCIA’s department vice president of public affairs, emphasized the industry’s commitment to assisting policyholders, stating, “When disaster strikes, insurers’ overwhelming priority is to help their customers rebuild and restore their property.” Source link