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State regs, inflation prompt top insurance company to drop 72,000 home policies – Insurance News

Daily Caller News Foundation State Farm, California's largest insurer, will not be renewing 72,000 policies in the state as factors like inflation and regulations make operations unsustainable. Around 30,000 homeowner, rental dwelling and other property insurance policies will not be renewed starting on July 3,...

State Farm dropping 72,000 California home, apartment insurance policies

Windsor resident Julie Tyler is among the latest round of policyholders who was forced to find a new insurance company following State Farm’s decision to drop tens of thousands of California property insurance policies starting this summer. It’s a move the carrier called...

Local senator raises concerns over if insurance company can pay claims – WFTV

ORANGE COUNTY, Fla. — Can Citizens Insurance payout claims if there’s a major disaster? And, will they need a federal bailout? The U.S. Senate Budget Committee chair leading the probe into Citizens is asking these questions. He claims Citizens Insurance is not cooperating.▶...

Prime Insurance Company Obtains Defense Verdict in Louisiana Courts

SALT LAKE CITY, March 21, 2024--(BUSINESS WIRE)--Prime Insurance Company obtained a defense verdict on March 5, 2024, in the United State District Court Eastern District of Louisiana.The claim arose when the insured’s (Omater Trucking, LLC) tractor trailer entered an actively signaling railroad crossing...

Jackson Walker Wins Jury Trial in Alleged Trade Secrets Dispute Between Competing Insurance Companies – Jackson Walker

After a two-week jury trial, Jackson Walker delivered a complete defense verdict in a multimillion-dollar alleged trade secrets dispute between two competing insurance companies selling life insurance in Latin America. The trial, which began on February 26, 2024, was held in the 455th...

Prime Insurance Company Defeats Frivolous Litigation

Court Agrees and Rules in Favor of Liability WaiversSALT LAKE CITY, March 20, 2024--(BUSINESS WIRE)--Rick J. Lindsey, President and CEO of Prime insurance Company announced another victory in representing their insureds to fight frivolous litigation. Lindsey states, "Our partnership approach is the cornerstone...