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CFPB Head Rohit Chopra Calls For Deposit Insurance Reform

America’s top consumer watchdog is calling for deposit insurance reform. Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB) made this argument last week following the failure of Oklahoma lender The First National Bank of...

How Insurance Can Help Manage the Darkside of 4 Emerging Technologies : Risk & Insurance

Whether it's AI or self-driving cars, new tech seems promising to many. Are we ignoring potential pitfalls? ...

PEIA board resumes hearings regarding premium increases

The Public Employees Insurance Agency Board continues its hearings Monday evening regarding the hefty premium increases and additional out of pocket costs for next fiscal year. The board held hearings last week, and have three more...

Key Insurance profit dips but revenue grows

The majority GraceKennedy-owned, Key Insurance Company made a profit of $24 million for the third quarter of 2024, or 11 per cent less profit year-on-year.Its revenue however rose during the period signifying continued growth in the market.“Key Insurance remains well-positioned to meet market...

Lara takes major step to increase insurance availability in wildfire-distressed areas – Insurance News

Insurance Commissioner Ricardo Lara announced the California Department of Insurance has submitted the final wildfire catastrophe modeling regulation to the Office of Administrative Law for approval. This "first-of-its-kind in California's history" regulation strengthens Prop. 103 by establishing unprecedented coverage commitments from insurance companies, aimed...

Why this CEO sees ‘stabilization’ in home insurance market

WEST PALM BEACH, Fla. — The CEO of one of the larger insurance companies in Florida is expressing some optimism about the state's homeowners insurance."I do not believe you're not going to see some wide swings," Ernie Garateix, the CEO of Heritage Insurance,...