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Orion180 Launches Homeowners Insurance in Arizona

Orion180 is expanding its homeowners insurance services to Arizona under a push by the company into the Western U.S. Orion180 currently operates in Alabama, Arizona, Georgia, Indiana, Mississippi, North Carolina and South Carolina through its two...

Florida insurance market showing signs of improvement, report says

ORLANDO, Fla. – In crisis for years, Florida’s troubled property insurance market is showing small signs of improvement, according to the state Office of Insurance Regulation.However, homeowners say their insurance premiums are still sky-high as we brace for another hurricane season.In OIR’s 2024...

Failed insurance execs are taking new jobs. Florida says it’s illegal.

TALLAHASSEE — When Orlando-based St. Johns Insurance Co. went insolvent in 2022, it spelled the end of one of Florida’s largest insurers.Its 147,000 policyholders found a landing spot when they were moved to Slide Insurance Co., a Tampa startup.Three of St. Johns’ top...

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Commissioner Lara Proposes Minimal Oversight, Secrecy of Black-Box Wildfire Insurance Models, Says Consumer Watchdog

 Proposed Regulation Will Raise Rates but Will Not Stop Home Insurance Companies' Market Boycott LOS ANGELES, April 23, 2024 /PRNewswire/ -- Insurance Commissioner Ricardo Lara's proposal to let insurance companies use private black-box models and AI to predict the risk of catastrophic wildfires will...