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New bill to create $50bn federal backstop for catastrophe reinsurance

Democrat Representative Adam Schiff has proposed legislation in the US House of Representatives that would create a $50 billion federal backstop for catastrophe reinsurance.  Schiff, a California Congressman who is seeking the Democratic nomination for the US Senate, said the Incorporating National Support...

Homeowner insurance rate increase proposed, nearly double in some areas –

On Jan. 3, the North Carolina Rate Bureau requested that the N.C. Department of Insurance increase homeowners’ insurance rates by an average of 42.2 percent. If the NCDOI...

Home insurance woes take center stage in fight for Feinstein’s Senate seat

California homeowners battered by the meltdown of the Golden State’s home insurance market will have a new place to voice their frustration in 2024 — at the ballot box. The troubling issue is emerging as a key focus in the tight race for the...

Kelly-Moore Paints Winds Down, Closes 5 San Francisco Stores

Kelly-Moore Paints will cease operations and shut down immediately due to insurmountable costs from asbestos-related litigation, the company announced Friday.The abrupt closure ends an 78-year run for the company that originated in San Carlos in San Mateo County. Kelly-Moore moved its headquarters to...

Bill McKibben On Global Heating, Capitalism, Insurance, And Social Friction

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! I have a neighbor who likes to mock me for driving an electric car. “You are lucky to have fossil fuels to make the electricity you need to...

Representative Schiff introduces bill to create federal cat reinsurance program – The Insurer

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