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Ben Albritton tells insurance companies, ‘We are watching’

In his first speech after assuming the gavel as President of the Senate, Ben Albritton put property insurance companies on notice that he’ll be watching how well they treat policyholders who suffered property damage during the recent hurricanes. “Be assured, together, we are going...

California insurance plan could increase rates for homeowners

Reinsurance costs alone are estimated to raise rates 30 to 50 percent. SAN DIEGO — California's Department of Insurance has a plan to address...

CFPB Head Rohit Chopra Calls For Deposit Insurance Reform

America’s top consumer watchdog is calling for deposit insurance reform. Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB) made this argument last week following the failure of Oklahoma lender The First National Bank of...

How Insurance Can Help Manage the Darkside of 4 Emerging Technologies : Risk & Insurance

Whether it's AI or self-driving cars, new tech seems promising to many. Are we ignoring potential pitfalls? ...

PEIA board resumes hearings regarding premium increases

The Public Employees Insurance Agency Board continues its hearings Monday evening regarding the hefty premium increases and additional out of pocket costs for next fiscal year. The board held hearings last week, and have three more...

Key Insurance profit dips but revenue grows

The majority GraceKennedy-owned, Key Insurance Company made a profit of $24 million for the third quarter of 2024, or 11 per cent less profit year-on-year.Its revenue however rose during the period signifying continued growth in the market.“Key Insurance remains well-positioned to meet market...