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The proposal is part of California Insurance Commissioner Ricardo Lara's goal to enact insurance reform during 2024.

A fire can close a facility for much longer than previously expected due to ongoing supply chain issues stemming from the pandemic.

The state forest service reported power lines sparked the Smokehouse Creek and Windy Deuce fires.

The Ninth Circuit didn't rule on the merits of the claims, but rather upheld a district judge's decision.

Severe weather events are forcing an unprecedented shift in the insurance industry, as the instances of extreme events like, severe convective storms, hurricanes and wildfires gain in frequency and severity.

In 2023, no other asset class produced a better-performing bet for hedge funds than cat bonds.

The insurance company initially pointed to a pollution exclusion when denying the claim.

Review five trends signaling fresh beginnings in the P&C sector and brighter futures.