Insurance News from February 11, 2025
National News
California Approves FAIR Plan Request to Assess Insurers $1B for Wildfire Claims
California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request...
International & Reinsurance News
Ex-AIG Chief Duperreault Secures $700M for Mereo Reinsurance Startup
Mereo Advisors, a Bermuda-based firm chaired by former American International Group...
East News
Bill Aims to Drive Down New York City Taxi Drivers’ Insurance Costs. But Will It?
The New York City Council's transportation committee heard testimony Monday on a...
West News
Travelers Expecting $1.7 Billion in Catastrophe Losses From LA Wildfires
Another major California insurer is reporting losses in excess of $1 billion from the...
Southeast News
Battery Firm Pulls Plug on $2.6 Billion Plant in Georgia
ATLANTA (AP) — A clean energy company is abandoning a plan to build a giant electric...
Texas / South Central News
Delay in Federal Permits Hinders Texas Oil Companies’ Carbon Capture Projects
Texas oil companies and regulators have waited years for federal permits that would...
Midwest News
Michigan DIFS Advocates for Careers in the Insurance Industry as Part of Careers Month
The Michigan Department of Insurance and Financial Services (DIFS) is highlighting...