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Insurer QBE Faces Investor Pressure Over Extreme Weather Risks
3+ hour, 25+ min ago (277+ words) There's a need to facilitate "a more comprehensive understanding of the pathways through which physical climate change impacts QBE's prospects," and doing so wouldn't create more onerous reporting obligations, Australian Ethical and SIX said in material filed with the resolution....
California Taking Action Against State Farm Over LA Wildfire Claims
22+ hour, 25+ min ago (460+ words) The California Department of Insurance is taking action against State Farm over an investigation that reportedly shows the carrier has been mishandling insurance claims from the January 2025 Los Angeles wildfires. A CDI filing alleges violations of the Unfair Insurance Claims…...
Most Are Overcharged for Property Insurance, Vanderbilt Study Says
23+ hour, 43+ min ago (523+ words) A new analysis suggests Americans are being overcharged by $150 billion annually to insure their homes, autos and businesses " and it proposes federal guardrails so that a public beset by affordability pressures could see savings. The analysis wades into a thorny…...
Connecticut Senate Confirms Hershman as Insurance Commissioner
1+ day, 13+ hour ago (277+ words) The Connecticut Senate has confirmed Josh Hershman as the state's 34th insurance commissioner. Hershman has served as commissioner in an interim capacity since December 2025, replacing Andrew N. Mais who retired from state service last year after nearly seven years as commissioner. "Each…...
Another State, Tennessee, Warns Insurers About the Proper Use of Drone Images
1+ day, 13+ hour ago (396+ words) The Tennessee Department of Commerce and Insurance has joined a few other states in urging insurers to be careful about using aerial imagery in making claims and nonrenewal decisions, following some complaints from homeowners. The department is not aiming to…...
GAO: Wind Risk Linked to Larger Insurance Premium Jumps Than Wildfire
1+ day, 13+ hour ago (343+ words) A new report from the Government Accountability Office finds that average premium increases between risk levels are larger for wind than for wildfire. Between 2019 and 2024, homes in areas classified as severe or extreme wind risk had premiums about 58% higher on…...
Workers' Comp Bureau of California Submits Pure Premium Filing of 10. 4%
4+ day, 8+ hour ago (190+ words) The Workers" Compensation Insurance Rating Bureau of California has submitted a September 1, 2026, pure premium rate filing to the California Insurance Commissioner proposing advisory pure premium rates that will be on average 10. 4% above the average approved September 1, " The Workers" Compensation Insurance…...
North Carolina Settles on 10% Dwelling Insurance Rate Increase Over 2 Years
6+ day, 22+ hour ago (184+ words) North Carolina's insurance commissioner has negotiated a 10% increase in average rates for dwelling insurance, for rental and non-owner-occupied properties, over the next two years. The North Carolina Rate Bureau, representing property insurers, last fall had filed for a 68% rate over…...
Travelers to Expand Homeowners Insurance Offering in California
1+ week, 22+ hour ago (403+ words) The Travelers Companies said it intends to expand its homeowners insurance offerings across California. Travelers notified the California Department of Insurance it intends to expand homeowners insurance availability across the state, explaining in a news release the move is due…...
California Insurance Commissioner Race Has Diverse Field, With 'Insurance Crisis' at Center of Platforms
1+ week, 4+ day ago (1739+ words) The race for the California Insurance Commissioner post has drawn 11 candidates covering several parties, and backgrounds that include two insurance agents, a former broker, a state legislator and a former state legislator. Addressing the state's "insurance crisis," which took on…...