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California insurance regulators approve State Farm’s request for massive homeowner rate hike

California insurance regulators have “provisionally approved” State Farm’s request for a massive rate hike for homeowners following the devasting Los Angeles wildfires. On Friday, Insurance Commis...
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AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Select PhenixFIN Corporation’s Insurance Subsidiaries; Maintains Under Review with Negative Implications Status for National Security Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Ra...
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State Farm’s 22% rate increase gets tentative OK from California insurance chief

California Insurance Commissioner Ricardo Lara said he would approve State Farm’s emergency rate increase to offset claims from January’s firestorms in the Los Angeles area if the insurer can justi...
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Flick Fact: How much has State Farm paid out for those California wildfires?

Question: State Farm has more customers in California than any other insurer. After those January wildfires that scorched 58,000 acres — roughly 90 square miles — how much has the Bloomington-based...
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California regulator may allow State Farm to hike home insurance premiums by 22% for a million customers after devastating wildfires

California's top insurance regulator on Friday said he would approve an emergency request by State Farm to raise premiums 22% on home insurance for about a million customers if the insurance giant ...
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Why were these Bay Area communities left off map of fire-risk areas where insurers must expand coverage?

As part of a new plan to stabilize California’s home insurance crisis, state regulators have updated a map of fire-risk areas where insurers will soon be expected to write more policies. The goal i...
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SV Chat: Harvey Rosenfield of Consumer Watchdog’s been taking on insurance industry for three decades

Harvey Rosenfield has been been fighting the insurance industry for more than three decades. And these days, with insurance companies canceling policies and threatening to leave California, the Co...
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Insurance industry faces 4 possible future scenarios

The insurance industry faces four possible future scenarios. Insurance executives are optimistic about the major trends influencing their industry, but remain aware of critical risks to their organ...
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(03.2025) AGM – Chairman and CEO's report

Madrid, March 14, 2025 SPANISH SECURITIES AND EXCHANGE COMMISSION In accordance with article 227 of Law 6/2023, of March 17, on the Securities Market and Investment Services, MAPFRE, S.A. (MA...
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Why were these Bay Area communities left off list of fire-risk areas where insurers must expand coverage?

As part of a new plan to stabilize California’s home insurance crisis, state regulators have updated a map of fire-risk areas where insurers will soon be expected to write more policies. The goal i...
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Home insurance industry fighting explanation policy

The insurance industry pushed back this week against state lawmakers' efforts to require an explanation anytime providers cancel or refuse to renew a Texas homeowner's policy. It comes as a growin...
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People in this Louisiana city will see a 25% discount on flood insurance as rates broadly rise

Central residents should get a 25% discount on their flood insurance premiums when bills go out next fall, city officials said. The city received a better rating from the National Flood Insurance ...
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AM Best Affirms Credit Ratings of Berkshire Hathaway Homestate Insurance Company and Its Affiliates

OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of Berkshir...
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Macron turns the screws on ministers to boost defense spending

PARIS — French President Emmanuel Macron is pressing his government to quickly carve out extra funding for defense amid fears of an American pivot away from Europe under United States President Don...
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Luigi Mangione's lawyers zero in on his final 30 minutes of freedom to argue police made a mistake

Luigi Mangione is fighting in Pennsylvania to suppress evidence and statements from his arrest.Curtis Means/Pool Photo via APLuigi Mangione was arrested 3 months ago during a tense 30 minutes at a ...
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Bring back the sunshine: Florida’s public records crisis demands action | Opinion

For almost two years, state insurance regulators sat on a report showing that property insurance companies were raking in billions — even as they lobbied the Florida Legislature for financial relie...
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N.Y. AG files complaint in Allstate data breach

In yet another sign that insurers are facing increased scrutiny over the safeguarding of policyholder information, the New York Attorney General has accused Allstate Insurance Company and its affil...
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Luigi Mangione at McDonald's: Battle brews over how the UnitedHealthcare CEO murder suspect was questioned and searched

Luigi Mangione is fighting in Pennsylvania to suppress evidence and statements from his arrest.Curtis Means/Pool Photo via APLuigi Mangione was arrested 3 months ago during a tense 30 minutes at a ...
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Michelle Zauner Stares Down the Darkness

Michelle Zauner wants to set the record straight: She is not trying to reclaim the label “sad girl music.” Since announcing the title of her highly anticipated fourth studio album, Fo...
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Embroker 2024 Tech Business Insurance Index: Rising Risks and Soft Market Impact Priorities for Tech Companies

Annual index reveals shifting risk appetite of tech companies in midst of emerging AI technologies and market uncertainties SAN FRANCISCO--(BUSINESS WIRE)-- Embroker, the digital platform ma...
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Here are the consequences for an Aventura doctor after he failed to diagnose cancer

Being late in diagnosing and treating a patient’s testicular cancer will cost an Aventura doctor time, money and some autonomy despite three decades of experience. Dr. Mark Christ has been license...
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