3 minute reading Brendan Poh | Special to the USA TODAY Network From time to time, legislation in Trenton draws public attention for all the wrong reasons. While we would like to think that our elected legislators are working to craft thoughtful laws that benefit everyday New Jerseyans, some bills are being introduced and pushed … Read more
Californians have seen several insurers cut homeowners insurance policies as the state grapples with wildfires and natural disasters, but a new proposal seeks to solve the insurance crisis once and for all. In March, Ricardo Lara, California’s insurance commissioner, unveiled his new plan to allow insurance companies to use specific models of future crashes to … Read more
Unlike many other metropolitan areas across the country, the Southwest Florida housing market is relatively full of for-sale inventory. “I think one of the main trends we’re seeing is that our total inventory is up 60% year over year compared to 2023,” said PJ Smith, president of Naples Regional Council of Realtors and broker owner … Read more
Alfa, one of Alabama’s largest property-casualty insurers, makes clear it has no plans to move into the health insurance business: A hotly debated bill in the state Legislature would allow the Alfa-affiliated Farmers Federation to offer a health plan to some members , and some news out of Alabama this week suggests that Alfa Insurance … Read more
Moody’s forecasts a stable 2024 outlook for the insurance brokerage sector, supported by constructive global economic growth, a favorable commercial property and casualty (P&C) rate environment and stable EBITDA margins. According to Moody’s report, organic growth will remain in the mid-single digits or higher as economic growth stabilizes and P&C rates rise modestly. Analysts expect … Read more
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By Ludwig Burger Frankfurt: Germany’s public health insurance scheme may cover certain patients at risk of heart disease or strokes to take the weight-loss drug Wegovy, a major boost to Novo Nordisk’s efforts to convince governments of its wider medical benefits. The European Union’s medicines regulator is reviewing the wider use of the hugely popular … Read more
California’s home insurance crisis deepens as the largest private insurer, State Farm, announced it will end coverage for 72,000 homeowners starting this summer, the peak of wildfire season. The Illinois-based insurer issued a press release Wednesday saying it would not renew policies on 30,000 homes and 42,000 condos in California, which the company said represents … Read more
Ping An Insurance (Group), China’s largest insurer by market capitalization, said its 2023 earnings fell to a five-year low as strong sales of new policies were offset by setbacks in their asset management businesses and technology investments. Its net profit fell 23 percent year-on-year to 85.67 billion yuan ($11.9 billion), according to a stock exchange … Read more
As we’ve seen over the past few years, one of the biggest drivers of inflation has been car insurance – with the cost of car insurance rising by over 20% in the past year alone. In five years, rates have risen 88% in Florida and 50% in New York, Nevada and Colorado, to name a … Read more