Evacuations issued in Southern California as heavy rain brings threat of debris flows in areas scarred by wildfires
Southern Californians evacuated their homes for the second time this year, but this time, it’s for heavy rain and debris ...
Californians Made to Pay More for Coverage to Help Bail Out Insurers
State regulators approved a $1 billion bailout of California's insurer of last resort so that it could continue paying claims.
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The climate driven insurance crisis
The climate crisis is affecting American households, causing higher utility bills, health care costs, and insurance premiums ...
U.S. Insurers AIG, TRV, ALL and CB Project Billions of Losses from California Wildfires
The combined losses for major U.S. insurers AIG (AIG), Travelers (TRV), Chubb (CB) and Allstate (ALL) from the catastrophic ...
Allstate Is Demanding That We Delete These Quotes by Its Exec About Using How It's Using AI to Write Insurance Emails
There's a good chance the email you just received from your insurance company was drafted by an AI — and the optics of such ...
California fire insurer of last resort to be bailed out by assessments on other insurers
California’s state-supervised fire insurance provider of last resort received approval to levy a $1 billion assessment on ...
California homeowners will pay temporary fees to help pay for wildfire insurance claims
California Insurance Commissioner approves $1 billion assessment to the FAIR Plan, the state's insurance safety net in light of SoCal wildfires ...
Insurer Mercury Says It Will Survive and Prosper Despite California’s Wildfires
The stock had slumped 25% after the fires to around $50 as investors made the small-cap company into a focused bet on ...
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California’s State Insurance Gets $1 Billion Infusion as Wildfire Claims Overwhelm Providers
The FAIR Plan is funded by pooled money from insurers in the state in exchange for covering high risk properties ...
Is The Allstate Corporation (ALL) the Best Property & Casualty Insurance Stock to Buy Now?
We recently compiled a list of the 12 Best Property & Casualty Insurance Stocks to Buy Now. In this article, we are going to ...
California's last-resort home insurer is getting a $1 billion bailout. Homeowners could be on the hook for some of the bill.
The bailout will be funded by the state's private insurers, but a new rule says they they can pass up to half of the cost on ...