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The California FAIR Plan faces $311 billion in potential losses, up from $50 billion six years ago.
At least five people died and two children were still missing after floods ripped through Pennsylvania.
Prior to an increase in 2022, limits for these policies hadn't been changed for more than two decades, according to the California Department of Insurance.
The latest insurance industry personnel news from Optio Group, Ryan Specialty, Ceres Imaging and more.
Complicating the matter is the fact that climate-fueled extreme weather can be hard to predict.
The latest P&C industry personnel news from Goosehead Insurance, Rivkin Radler, Concord Specialty Risk and more.
The grants recognize outstanding undergraduate and grade risk management and insurance students.
News from AXA XL, MAPFRE Group, CRC Group and more.
Several lawyers are arguing cyber insurance policies and payouts are fueling the rise in ransomware events.
A licensed agent also faces charges for actions that put clients' coverage and information at risk.
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