News
Fla. Commissioner Offers Major Changes to Citizens' Commercial Clearinghouse Plan
16+ hour, 49+ min ago (597+ words) Just days before a final committee vote on a bill that would establish a clearinghouse for Citizens" commercial policies, Florida"s insurance commissioner has offered his own rewrite, one that would give regulators more authority over who runs the clearinghouse…...
State Farm Adjuster's Opinion Does Not Override Policy Exclusion in MS Sewage Backup
2+ day, 16+ hour ago (721+ words) Insureds cannot rely on the word of an insurance adjuster'even one hired by the insurer'to show that a homeowners" policy covers sewage backup, a federal appeals court said in a case that underscored the sanctity of policy exclusions but also…...
California Insurance Commissioner Unveils Intervenor Reform Regulations
5+ day, 23+ hour ago (338+ words) California Insurance Commissioner Ricardo Lara is pushing a change to the state's long-standing intervenor regulations, which enable groups to intervene in rate hearings. Lara on Friday released the amended text of proposed regulations for the intervenor and Administrative Hearing Bureau…...
Wildfire Risk Scoring Transparency Bill Passes Washington Senate
6+ day, 16+ hour ago (128+ words) Legislation to make wildfire risk scores more transparent passed out of the Washington state Senate on nearly unanimously. Senate Bill 5928, which passed 48-1, is being pushed by Insurance Commissioner Patty Kuderer. The bill is sponsored by Sen. Judy Warnick (R " Moses…...
'Structural Shift' Occurring in California Surplus Lines
1+ week, 1+ day ago (965+ words) The Los Angeles wildfires that kicked off 2025 not only sped up a statewide homeowners insurance market pullback, but they also played a part in an ongoing reshaping of California's surplus lines market, according to a new report. The state's surplus…...
Fingerprints, Background Checks for Florida Insurance Execs, Directors, Stockholders?
1+ week, 1+ day ago (573+ words) Florida insurance company officers, employees, board members and even stockholders would have to undergo background checks and fingerprinting under a wide-ranging bill approved by a state House panel Wednesday morning. House Bill 1263, sponsored by state Rep. Linda Chaney, R-St. Petersburg,…...
5 Lessons from INTRConnect 2026 on How to Maximize Your Impact in Property Insurance
1+ week, 2+ day ago (737+ words) This article is part of a sponsored series by Cotality. At the Cotality" INTRConnect" 2026 conference, leaders explored the theme "Intelligence Beyond Bounds"." This serves as our industry's answer to a critical challenge: how to operate with equal parts technical precision…...
Schwebach: Impact of Florida Reforms 'Undeniable,' Reinsurance Should Drop Again
1+ week, 2+ day ago (433+ words) IJ: How was the Florida broker event this year? IJ: What are your predictions on the June 1 renewals, compared to Jan. 1? IJ: Over the last decade, how much have reinsurance rates changed in Florida? AS: We have a rate online…...
Florida's Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators
1+ week, 3+ day ago (856+ words) A bill moving steadily through the Florida Legislature has suddenly ignited a storm of controversy, with some insurance agents and brokers worried it could benefit one large brokerage while costing others fees and flexibility on takeouts of Citizens Property Insurance…...
Two SE Commissioners Warn Insurers About Claims Denials, Policy Cancellations
2+ week, 8+ hour ago (303+ words) Following severe winter storms that swept across the South early this week, Commissioner Carter Lawrence and Tennessee Attorney General Jonathan Skrmetti urged carriers to "fulfill their contractual and legal obligations." "If any company should fail to do right by its…...