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Why Insurers Are Fleeing California – WSJ

Regulators won't let companies charge for growing risks. ... State Farm General Insurance Co. last week became the latest insurer to retreat from ... Source link

For some US residents, it is now impossible to get home insurance – and all because of the climate crisis | Arwa Mahdawi

Insurance company documents aren’t exactly renowned for being riveting reading. This week, however, State Farm, the largest insurance firm in the US by premium volume, came out with an eyeball-grabbing update: it has stopped accepting new homeowner insurance applications in California.In a statement,...

Major insurers ditch global climate club – E&E News

Allianz, a German insurance company, was one of several businesses to announce its exit from the Net-Zero Insurance Alliance, a climate coalition. Source link

Japan’s Largest Insurer Joins Defectors From Climate Group

Tokio Marine Holdings Inc., Japan’s largest insurer by market value, is withdrawing from the Net Zero Insurance Alliance, the latest in a wave of defections from the world’s biggest climate alliance for insurers. The company declined...

The after-effects of the TikTok Kia Challenge on car insurance

STACKER — Dive into the wild world of the #KiaChallenge – where hot-wiring and car thefts run rampant. Will this Kia Challenge affect your car insurance premiums? If you are a proud owner of a Kia or Hyundai, you should listen up and grab...

State Farm Halts New Homeowner Insurance In California Due To Wildfires

State Farm Insurance has announced it will no longer offer new home insurance policies in California due to rising wildfire risks and construction costs.The insurance company blamed its decision, which took immediate effect Saturday, on “historic increases in construction costs outpacing inflation, rapidly...