Insurance Articles

Commissioner Ricardo Lara has unveiled a series of measures aimed at alleviating California’s insurance crisis. The California Department of Insurance is actively working on a comprehensive set of regulatory reforms designed to streamline the rate review process. This initiative comes in response to the failure of a contentious bill aimed at addressing the challenges in […]

The life and health (re)insurance sector has witnessed a rapid transformation over the past decade, primarily driven by technological advancements. Leading experts have identified groundbreaking innovations such as artificial intelligence (AI) and machine learning as pivotal game-changers in this industry. Senan O’Loughlin, Executive Vice President of US Mortality Markets at Reinsurance Group of America, Incorporated

As vehicles and their owners become increasingly intertwined with technology, repair facilities working on connected cars must pay closer attention to utilizing “service mode” settings to manage communications and access during vehicle repairs, including test drives.  Illustrating this point, a reader of Repairer Driven News shared an example of how conducting essential driving maneuvers on

Stoïk, a European startup specializing in cyber insurance, has successfully secured $10.7 million in funding and is expanding its operations to Germany. Similar to the U.S.-based Coalition, Stoïk primarily caters to small and medium-sized businesses, filling a critical need for cybersecurity protection. The expansion into Germany will be led by Franziska Geier, and this strategic

The cyber insurance landscape – a dynamic enigma. These two words perfectly encapsulate the current state of the cyber insurance market, as described by Nadia Hoyte, the cyber national practice leader at USI Insurance Services. Over the past few years, this sector has witnessed significant challenges, including soaring premium rates, limitations in coverage, and a

Insurance coverage for infertility treatments in Washington, D.C. is set to become a reality. Individuals seeking in vitro fertilization (IVF) treatments in the District can now breathe a sigh of relief, as health insurance providers will soon be obligated to cover this often expensive medical procedure. The Expanding Access to Fertility Treatment Amendment Act was

A federal lawsuit filed on Thursday, led by four conservation groups, contends that the National Flood Insurance Program administered by the Federal Emergency Management Agency (FEMA) poses a significant threat to Oregon’s ecosystems and endangers the survival of 17 protected species. PORTLAND, Ore. (CN) — Conservation organizations initiated legal action against the federal government on

Regulators are applying pressure to Hawaiian Electric regarding its liability insurance coverage in the wake of multiple lawsuits related to the Maui fires. These lawsuits have raised concerns about the company’s financial capability to satisfy successful claims. The Hawaii Public Utilities Commission has initiated a comprehensive inquiry into Hawaiian Electric Co., with a particular focus

Mercury Insurance operates in just 11 states but offers unique policy add-ons that set it apart from other insurers. When it comes to homeowners insurance, preparedness is crucial because disasters can strike unexpectedly. It’s essential to select a policy tailored to your needs and opt for the right add-ons for peace of mind. Mercury Insurance

Federal employees have been unable to secure long-term care insurance for the past few months. This hiatus was due to the Office of Personnel Management suspending the program while awaiting new plans and price structures from the carrier. It is anticipated that these options will come with a hefty price tag. To shed light on