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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,...

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...