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AM Best Affirms Credit Ratings of Factory Mutual Insurance Company and Its Subsidiaries – Insurance News

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa” (Superior) of Factory Mutual Insurance Company (Johnston, RI) and its subsidiaries, which are collectively referred to as FM...

DCCA urges residents to review insurance policies

The Hawaii Department of Commerce and Consumer Affairs Insurance Division is encouraging Hawaii residents to review and understand their insurance coverages and deductibles as communities continue to recover from last week’s heavy rains and strong winds. What You Need To Know The DCCA says many...

California’s insurance crisis leaves neighbors facing unequal recovery after wildfires

SACRAMENTO, Calif. -- Before a wildfire ravaged their street in northwest Altadena, Louise Hamlin and Chris Wilson lived next door to each other in nearly identical houses.“I chose an old home in an old neighborhood because it has soul,” said Hamlin, a 51-year-old...

Car insurance providers request 22% increase for North Carolina drivers

North Carolina insurance companies requested a statewide average 22.6% increase in car insurance rates. CHARLOTTE, N.C. — North Carolina's auto insurance companies are...

CDI says “serious questions” over State Farm’s financial condition

Over the past few years, an increasing number of Californians have struggled to obtain or...

Does Your Home Insurance Cover Wildfire Destruction?

As homeowners survey the damage from the wildfires that tore through Southern California this month, it's tough to peg how much it will cost to rebuild. CoreLogic, a real estate data firm, estimates $35 to $45 billion in losses. While insurers need time to...