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"Profitability in the U.S. homeowners' insurance sector has been weak in recent years."
Insurance companies are in a unique and powerful position to influence behaviors.
The proposal is part of California Insurance Commissioner Ricardo Lara's goal to enact insurance reform during 2024.
Review five trends signaling fresh beginnings in the P&C sector and brighter futures.
Protecting their property may be more expensive and complicated than it used to be.
The U.S. has experienced a record-high 25 disasters this year that have generated at least $1 billion in damages each.
Many insurance professionals are weathering today's unprecedented market hardening for the first time.
The order tasks the insurance commissioner with improving the rate approval process, a long-time sticking point with carriers in the state.
The one-year moratorium will impact more than 15,000 policyholders in Del Norte and Siskiyou counties.
Wholesale insurers are empowered by the ability to respond to catastrophes with appropriate risk-based pricing.