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Two new property insurers approved to sell in Florida. More coming, regulators say – Insurance News

Two more property insurers have been approved to serve Florida’s beleaguered homeowner market, the state Office of Insurance Regulation announced. The office on Friday identified the two new companies in a news release as Incline National Insurance Company, headquartered in Texas, and Florida Insurance...

New study reveals critical area where major US insurance companies are falling short: ‘An urgent concern’

A new report by Ceres, a nonprofit advocacy organization, found that while insurers in the United States have made notable progress on disclosing their climate-related strategies and risk management, many are falling short of setting verifiable targets and taking action.  What is climate risk...

Here are some of the new state laws that will take effect Tuesday

July 1 is the day most state laws in the Old Dominion take effect, and this year, another selection of legislation that could affect Virginians’ daily lives hits the books for the first time. Here’s a sampling of new laws that will be effective...

What it means for RFK Jr.

Supreme Court agrees that South Carolina can defund Planned ParenthoodIn the 6-3 ruling, the Supreme Court said that Medicaid patients cannot sue over the right to choose their own doctor.The U.S. Supreme Court preserved a key element of the Affordable Care Act that...

Florida insurance execs’ pay of $50M raises worry about firms failing

Amid reports about eye-popping insurance executive pay and undercapitalized new insurance companies, leaders of the state-run insurer are raising an alarm about the potential of a new cycle of insurers going under — again.The Citizens Property Insurance Corp. met June 25, shortly after...

State Farm® now offering new Pacific Life Variable Universal Life Insurance Product

Under our strategic alliance with Pacific Life, State Farm is pleased to offer a new, straightforward variable universal life (VUL) insurance product, designed...