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In total, the company will not be renewing some 72,000 commercial and personal property policies in the state.
Wages have continued growing, in turn boosting payrolls and premiums for most industries.
Zillow analysis identifies the least affordable housing markets in 2024, discovers a 96.4% hike in mortgage payments and rise in "house hacking."
The California FAIR Plan faces $311 billion in potential losses, up from $50 billion six years ago.
The proposal is part of California Insurance Commissioner Ricardo Lara's goal to enact insurance reform during 2024.
Only 24% of organizations said neurodivergent individuals are seen as valuable employees.
More than 90% of surveyed professional liability carriers intend to raise rates for architects and engineers, Ames & Gough reports.
The goal for the insurance industry should be to avoid adverse selection at all costs.
A fire can close a facility for much longer than previously expected due to ongoing supply chain issues stemming from the pandemic.
Rutgers examined which state insurance departments are best at providing residents with useful information.
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