HomeInsurance

Insurance

AM Best Revises Issuer Credit Rating Outlook to Positive for Florida Lawyers Mutual Insurance Company

AM Best Revises Issuer Credit Rating Outlook to Positive for Florida Lawyers Mutual Insurance Company AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and...

Texas disaster relief: Insurance experts explain how California wildfires could impact coverage in other states

HOUSTON, Texas (KTRK) -- Despite the destruction from California wildfires, insurance experts say there's money to cover disasters in Texas, but it doesn't mean there aren't impacts."What rolled through this part of Brazoria County is still fresh on the minds of some neighbors....

California wildfires prompt emergency orders by insurance commissioner, CIF assistance

Insurance Commissioner Ricardo Lara declared the fires in Los Angeles and Ventura counties an emergency situation on Monday to help speed recovery efforts, according to a press release from his office. As of Wednesday afternoon,...

Despite market improvement, homeowners still seeing insurance rates rising

PINELLAS PARK, Fla. — One year ago, ABC Action News committed to covering the State of Insurance in Florida, helping you navigate rising rates, dropping policies, and denied claims.RATES STILL RISING We first spoke to Pinellas Park single mom Marisa Borgia in January...

Re/insurance pricing could firm after unexpected wildfire losses: Berenberg

The severity of the ongoing California wildfires is expected to drive insurance industry losses of more than $20 billion, with some estimates even hitting or exceeding the $40 billion mark, which analysts at investment bank Berenberg believe could cause pricing to firm. In a...