JAB Insurance today announced the launch of JAB Institutional, a next-generation growth and innovation platform focused on insurance, reinsurance, and financial services. JAB Insurance comprises three verticals: a client-focused U.S. retail platform, an institutional business initially focusing on global reinsurance, and a pension risk solutions…
California wildfire survivors with smoke-damaged homes are one step closer to gaining landmark new protections after the California State Legislature passed Assembly Bill 1795, the Smoke Damage Recovery Act, authored by Assemblymember Mike Gipson and sponsored by Insurance Commissioner Ricardo Lara. I'm proud to have worked with Insurance…
The following information was released by the Federal Reserve Board:. At the Second-Chance Lending Forum, Developing Evidence-Based Policy on Creditworthiness and Criminal History, Washington, D.C.. Thank you to the organizers of this important event for the opportunity to be part of it.1 This conference sits at the intersection of several policy issues…
The following information was released by the Montana Commissioner of Securities and Insurance:. The Life Insurance Policy Locator, hosted by the National Association of Insurance Commissioners with the support of the State Auditor's Office, helps identify unclaimed life insurance policies and annuity contracts by searching records of participating…
As officials with the Idaho Department of Health and Welfare prepare to implement the new rules, they fielded questions on Monday from the public. Medicaid expansion is a program, approved by Idaho voters through a 2018 ballot initiative, that offers health insurance coverage to a group of people commonly called the working poor. About 85,000 Idahoans receive…
The following information was released by the office of the Attorney General of Texas:. Attorney General Ken Paxton launched an investigation into TRICARE Insurance's TriWest Healthcare Alliance Corp. over the company's conduct in its insurance policies. It manages the U.S. Department of Veterans Affairs Community Care Network and serves as the support…
The following information was released by Louisiana Senator John Kennedy:. John Kennedy, a member of the Senate Appropriations Committee, spoke with members of the Houma, Lafourche and Thibodaux Chambers of Commerce and the South Central Industrial Association about priorities for the Bayou Region, including coastal protection, flood insurance and…
The Best’s Market Segment Report,“ Steering Profitability Remains Crucial for Lloyd’ s in a Softening Market”, is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Kanika Thukral, associate director, analytics and one of the report authors, said, "Over the longer term, the reinsurance segment’ s performance…
Los Angeles County has sued State Farm, alleging the insurer engaged in unfair business practices while handling homeowners insurance claims from the January 2025 Eaton and Palisades fires. The lawsuit, filed by County Counsel on behalf of the People of the State of California, accuses State Farm of unreasonable delays, systematic underpayments, frequent…
SACRAMENTO, CA., 9/ 1/ 2026— Gov. Instead, the governor and Senate and Assembly leaders agreed on a package of policies that includes prohibiting private equity groups from investing in wildfire claims and denying utility CEO bonuses in the years their companies cause fatal fires. Opponents included insurance companies, consumer advocates and survivors of the…
