Insurance

President Joe Biden declared that a major disaster exists in California and ordered federal aid to supplement state, tribal, and local recovery efforts in the areas affected by severe winter storms, flooding and landslides. The president’s action makes federal funding …

The Massachusetts insurance department will hear testimony virtually on February 3 regarding a proposed 4.0% decrease in average workers’ compensation rates. The rate filing submitted by the Workers’ Compensation Rating and Inspection Bureau of Massachusetts in December calls for a …

The Louisiana Insurance Guaranty Association (LIGA) has granted a voluntary extension to March 31, 2023, of the deadline by which former FedNat Insurance Company and Maison Insurance Company policyholders are required to institute litigation for first-party property damage claims arising …

Evertree Insurance, an omni-channel property and casualty insurance distribution platform, acquired Provision Insurance Group, a Michigan-based independent insurance brokerage firm. “We are thrilled to welcome all 44 employees, including 20 producers, onto the Evertree Platform,” said Alex Tuff, Founder and …

NEW ORLEANS (AP) _ A nursing home owner who faces criminal and civil complaints over evacuating residents to a squalid warehouse to ride out Hurricane Ida in 2021 is now being sued by federal authorities who say he misspent $4 …

Travelers Companies today released an estimate of $459 million in pre-tax catastrophe losses during the fourth quarter, and expects to report net income of $819 million for the last three months of 2022. Travelers said catastrophe losses were primarily caused …

A 3D printer is taking home building to a new level — literally. The enormous printer weighing more than 12 tons is creating what is believed to be the first 3D-printed, two-story home in the United States. The machine steadily …

California announced it will sue the companies that make and promote most of the nation’s insulin, accusing them of scheming to illegally increase the price of the drug and demanding they return millions of dollars to some diabetics who state …

Relentless storms from a series of atmospheric rivers have saturated the steep mountains and bald hillsides scarred from wildfires along much of California’s long coastline, causing hundreds of landslides this month. So far the debris has mostly blocked roads and …

Private flood insurance accounts for over 40% of California’s entire flood market—a significantly larger share than in the other leading states, according to AM Best. A new AM Best commentary notes the ongoing flooding issues in the state will present …