Yearly Archives: 2024

California to require insurers to increase home coverage in wildfire-prone areas – The Mercury News

By Tran Nguyen | The Associated PressHundreds of thousands of California homeowners who have failed to find or lost access to home insurance as wildfires in the state become more destructive could once again be able to purchase...

Auto insurance rates expected to rise in 2025 – Louisville – WDRB

The cost of auto insurance is up 57% since January 2021. Source link

California Insurance Companies Pull Out, But This Rule Could Bring Them Back » Live Insurance News

California’s New Rules to Tackle Home Insurance Crisis with Reinsurance CostsCalifornia has unveiled a new regulation allowing home insurers to charge higher premiums to cover reinsurance costs. This decision, led by Insurance Commissioner Ricardo Lara, marks the latest...

5. Axa XL restructured North American business

A restructuring and accompanying executive shakeup at the North American business of Axa XL, a unit of Axa S.A., was followed by other senior appointments. The restructuring also included an undisclosed number of layoffs. The insurance business was reorganized into...

Western Investment Company Completes the Acquisition of All the Remaining Shares in Fortress Insurance Company

Article contentShifts Western Further Towards Being an Insurance-Focused Investment Holding CompanyArticle contentCALGARY, Alberta, Dec. 31, 2024 (GLOBE NEWSWIRE) — The Western Investment Company of Canada Limited (TSXV: WI) (“Western” or “WICC“), today announced that, further to Western’s news...

Louisiana to usher in major insurance law changes in 2025

NEW ORLEANS (WVUE) - A new Louisiana law takes effect Wednesday (Jan. 1) that will allow insurance companies operating in the state to drop at-will a percentage of their property insurance policies.Earlier this year, Gov. Jeff Landry signed...
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