The property insurance market in hurricane-prone Louisiana faces escalating challenges due to rising premiums and the expenses of claims following severe weather events, according to analysts at Moody’s Ratings.
Moody’s recent report highlights Louisiana’s vulnerability to destructive storms, prompting insurers to exit the market....
DENVER (KDVR) — Gun legislation continues to advance at the Colorado Capitol before lawmakers wrap up for the year. A bill requiring gun owners to insure their guns cleared another hurdle Wednesday.
The bill took a big step by advancing to the Senate floor....
(Bloomberg) -- Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, which often came with a big increase in cost. Worse, many had outstanding claims for hurricane damage that had...
As more and more insurance companies flee California, the state is facing its greatest insurance crisis in decades. How did we get here? And what can homeowners do to protect their investment?L.A. Times wealth reporter Laurence Darmiento wrote about it and joined Lisa...
NORTHSTATE, Calif. — A new state bill related to wildfire risk reduction could mean more insurance protections for homeowners.The bill being introduced by Democratic State Senator Josh Becker, known as SB 1060, would require property insurers to take wildfire risk mitigation efforts into...
