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Plaintiffs are waiting to find out whether a judge will allow them to combine 78 lawsuits that claim Allstate unlawfully reduced coverage.
Insurance industry news from NEXT Insurance, NFP, Coalition and more.
Insurers under a new plan have agreed to write at least 85% of their California market share in high-risk zones.
Florida accounts for only 9% of U.S. insurance claims but represents 79% of homeowners' lawsuits.
Heading into September, nearly 100 federal lawsuits were filed against property and casualty insurers, according to Law.com Radar.
Insurance fraud can cost U.S. consumers as much as $308.6 billion each year, according to a 2022 study by the Coalition Against Insurance Fraud.
Sustainable insurance withstands catastrophic events while enabling insurers to conduct business and plan for the future.
'We came so close,' said general counsel for the Independent Insurance Agents & Brokers of California.
Even though some of their salaries were down from 2021, these leaders each earned multi-millions of dollars.
Marcus & Millichap report the latest dramatic spikes as providers pull out of key markets.