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News
LA County Probing Farmers Insurance Over Wildfire Survivor Claims
4+ day, 14+ hour ago (470+ words) LOS ANGELES (CNS) - Los Angeles County is investigating Farmers Insurance Company's handling of insurance claims filed by policy holders affected by the January 2025 Eaton and Palisades Fires, officials announced Unfair Competition Law and ``follows growing complaints from residents about delays,…...
Do I need insurance for exterior electric, water lines in Florida?
1+ week, 5+ day ago (25+ words) Daytona Beach News-Journal Do I need insurance for exterior electric, water lines in Florida?...
Insurance claims begin to be filed following storm
2+ week, 6+ day ago (58+ words) Inbox.lv Insurance claims begin to be filed following storm Insurers could obtain more accurate loss estimates in the next two to three days. "It's too early to talk about the total amounts, but the amounts will be large. They…...
When your home becomes a rental: The insurance most owners forget to update
2+ week, 6+ day ago (976+ words) In today’s shifting housing market, homeowners who are unable to secure their desired sale price are increasingly turning their properties into rental homes rather than selling. According to Kara Ng, senior economist at Zillow, 2.3% of the homes currently listed for…...
California coalition urges lawmakers to reject Newsom wildfire plan over insurance costs
3+ week, 2+ day ago (400+ words) The dispute is unfolding as California's wildfire liability fund is close to running out. A California alliance that includes fire survivors and consumer advocates is pushing back on Gov. Gavin Newsom's wildfire recovery reform proposal, which it says puts survivors…...
Firefighters' income cover shrinks after claims outpace premiums
3+ week, 3+ day ago (807+ words) New Zealand's firefighters have long pointed to their union-run income protection scheme as one of the more generous group covers in the country. That scheme is now being repriced after claims outpaced premiums, and the changes taking effect on September…...
RockRose Risk Raises $12.5 Million Series A To Build Vertically Integrated Wildfire Insurance And Mitigation Platform
3+ week, 4+ day ago (395+ words) RockRose Risk has raised $12.5 million in Series A financing to expand its wildfire-focused insurance platform and evolve from a technology-enabled brokerage into a vertically integrated risk management business. The round was co-led by Crosslink Capital and Congruent Ventures, with participation…...
California Court Rules Policyholders Can Sue Excess Insurers Before Lower Coverage Exhausted
3+ week, 6+ day ago (304+ words) California’s Supreme Court issued a significant ruling clarifying when policyholders may pursue legal claims against excess insurers before the underlying layers of coverage have been fully exhausted. The case arose from a business dispute between the cofounders of Fox Paine…...
Cygienic.com Supports Proactive Cyber Insurance to Close the Small Business Cybersecurity Gap
4+ week, 1+ day ago (481+ words) The results suggest that cyber insurance alone cannot close the SME cybersecurity gap. Insurability should be viewed as the starting point for improvement - not the finish line - with insurers, brokers, and businesses working together to identify cyber risk weaknesses, improve…...