California regulator will broaden insurance of last resort
Commissioner Ricardo Lara announced greater transparency to come for FAIR Plan data, plus a broadening of coverage to commercial properties, homeowner associations and affordable housing.
Commissioner Ricardo Lara announced greater transparency to come for FAIR Plan data, plus a broadening of coverage to commercial properties, homeowner associations and affordable housing.
The state’s insurer of last resort is facing an investigation by the California Department of Insurance as well as lawsuits from policyholders.
Over a third of people are without life insurance, according to the 2025 Life Insurance Index.
Because of its soil and its status as the world’s fastest-warming continent, Europe is particularly exposed. The European Central Bank estimates the region’s potential damage from sinking land at more than €2.5 trillion ($2.9 billion) across all euro-area financial institutions.
Brown & Brown to acquire Accession for $9.8B and bolttech’s $147 million Series C funding plus more insurance news.
Bestow launched its first product in 2017 and has grown its platform into a tech solution for life insurance.
Plan sponsors can turn to narrow fiduciary liability coverage rather than broader cyber risk insurance, according to a bond and insurance firm executive.
Life insurance companies concerned about digital customer experience, according to research from Equisoft in collaboration with the Life Insurers Council