Porch Group announced that its insurance subsidiary Homeowners of America (HOA) has been placed under temporary supervision by Texas regulators.Â
The announcement comes in the wake of bankruptcy of allegations of fraudulent activity against reinsurer Vesttoo Ltd, which filed for Chapter 11 bankruptcy protection...
TALLAHASSEE — As efforts continued to sort out damage from Hurricane Idalia, regulators on Friday approved proposals by seven private insurers to pull as many as 202,000 policies from the state’s Citizens Property Insurance Corp.Insurance Commissioner Michael Yaworksy signed orders approving the proposals...
Telematics. It can be used to gather a plethora of data from a vehicle that can then be used to improve operations. It offers insights on fuel consumption, location of assets, idle time, route plans, driver behavior and much more.
How are fleets...
September 4, 2023
Stacy Korsgaden
OPINION by STACY KORSGADEN
What does the captain of the Titanic and California’s Insurance Commissioner have in common? When California’s insurance industry steamed toward a looming “iceberg,” Ricardo Lara, California’s “Captain of insurance” was asleep. In May we struck...
The state’s property market is edging on crisis and has been bleeding insurers in recent years.Florida property owners are about to have an additional choice of coverage from four new home insurance companies that have just received their approval to sell in the...
Climate change? Inflation? Why Illinois home insurance rates are up 30% since 2015Illinois’ rate increases are in line with those in other Midwest states such as Iowa and KansasAs natural disasters become more extreme and more frequent because of climate change, some states...
