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Double-Digit Rate Hikes Ahead for Florida Citizens Customers

Citizens Property Insurance submitted revised property insurance rate hikes to the state, but most of its customers will still face double-digit increases beginning later this year.  The state-backed insurer sent its new proposal to the Florida Office of Insurance Regulation last week, the Tallahassee...

Agents, Regulators Remind Insurers to Take Care of Insureds as Idalia Claims Start Coming in

The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast, triggering just a few billion dollars in losses. But regulators have urged insurers to make...

Bringing the government to the people, a real road show – The Ukiah Daily Journal

I’ve lobbied for years for the Board of Supervisors to hold meetings outside of the county seat, so this past Tuesday’s session in the town of Mendocino should mark the start scheduling more of the same on an annual basis. Each year at their...

High insurance rates create crisis for affordable housing | Business News

Staggering increases to property insurance premiums have upended affordable housing development across south Louisiana, delaying construction timelines and forcing the state to cough up tens of millions of dollars to try and save projects from falling apart. ...

California sues oil giants, saying they downplayed climate change. Here’s what to know

The state of California has filed a sweeping climate lawsuit against Exxon Mobil, Shell, BP, ConocoPhillips, and Chevron, as well as the domestic oil industry's biggest lobby, the American Petroleum Institute. The suit, filed on Friday...

Hippo’s underwriting U-turn fails to ease investor pessimism

Hippo Holdings' shares failed to rebound this week even after the company reversed course on a recent underwriting pause in an attempt to address profitability woes. The home insurance startup started writing new business this week on a limited basis less than...