Allstate Seeking 34% Rate Hike on California Homeowners Insurance July 12, 2024 Allstate is seeking an increase in its California homeowners insurance premiums by an average of 34%. According to the California...
California Insurance Commissioner OKs Lower Workers’ Comp Benchmark Rate July 12, 2024 California Insurance Commissioner Ricardo Lara today issued a decreased pure premium rate for workers’ compensation insurance, lowering the annual benchmark...
People Moves: Leif Assurance Promotes Worden to Sales Manager July 12, 2024 Leif Assurance, headquartered in St. Louis, promoted Robert Worden to sales manager. Worden will also serve as the commercial lines’...
Ex-Red Hot Chili Peppers Guitarist Sued for Wrongful Death in Alleged Fatal Collision July 12, 2024 By Jaimie Ding Ex-Red Hot Chili Peppers guitarist Josh Klinghoffer is being sued for wrongful death and negligence after allegedly hitting and killing...
Hurricane Beryl: Insurers See Minimal Impact, Brace for Active Season July 12, 2024 By Ezra Amacher Insurers’ losses from Hurricane Beryl will be “low and readily absorbed” and the storm is not expected to change pricing...
Florida Tax Watch Calls for Renewed Tax Breaks for Home Hardening Efforts July 12, 2024 By Insurance Journal Staff Reports Florida Tax Watch, a nonprofit government watchdog in operation for 45 years, is urging state lawmakers to expand wind-mitigation tax...
Ships Fleeing the Red Sea Now Face Perilous African Weather July 12, 2024 By Alex Longley and Paul Burkhardt Ships sailing around the southern tip of Africa are wrestling with a bout of bad weather that has already run...
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns. July 12, 2024 By L.S. Howard Catastrophic events, such as major hurricanes and the Sept. 11 terrorist attacks, traditionally have led to hard markets that in...
Abbott Accused at Trial of Hiding Fatal Risk of Infant Formula July 12, 2024 By Jef Feeley Abbott Laboratories hid the risks of its premature-infant formula causing a potentially fatal bowel disease from parents even though company...
Insurers Hike Rates as Extreme Storms Like Beryl Proliferate July 12, 2024 By Damian J. Troise Destructive storms like Hurricane Beryl that knocked out power to 3 million homes and businesses in Texas are growing more...