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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,...

LP Insurance Named 2024 Best Practices Agency

RENO, Nev. – Nov 14, 2024 – LP Insurance Services, LLC has once again been named to an elite group of independent insurance agencies around the U.S. that participated in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”)...

Judge rules in favor of Oxford Community Schools in lawsuit

OXFORD, Mich. (WXYZ) — After a lengthy court battle, we are now learning how much money is at stake when it comes to possible settlements and judgments for the victims of the Oxford School Shooting.Four students were killed during the 2021 shooting and...

‘Bear’ in California car attack was actually a person in disguise, insurance officials say

article (Courtesy: California Department of Insurance) LOS ANGELES - Officials with the California Department of Insurance allege that a bear attack incident in the state was actually an insurance scheme. In a statement released Nov. 13, officials with...

Person dons bear costume to stage attacks on luxury cars to fool insurance companies into $141K payouts

Once upon a time in Southern California, a person wore a bear costume to damage luxury cars so friends could allegedly cash in on hefty insurance payouts. Four people in the Los Angeles area were arrested and charged with insurance fraud and conspiracy after...