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Jan. 22— Property-and-casualty insurer Travelers is expecting a significant financial impact from the devastating wildfires this month in Los Angeles County, while executives indicated Wednesday that the company born in Hartford plans to continue providing homeowners' coverage in California. "The California wildfires that began earlier this month are…

Just a few days into Georgia's 2025 legislative session, proposed new limits on lawsuit awards is a priority trumpeted by business groups, some lawmakers and the governor alike as one of the top issues of the year. Brian Kemp emphasized the importance of passing legislation to transform Georgia's legal landscape by the end of the 2025 session in early April,…

Minnesota launched the MNsure health exchange— also called a“ marketplace”— in 2014 as part of the federal government’ s sweeping overhaul of the market where individuals under age 65 buy health insurance. “I think the continued growth in ACA marketplace signups is really remarkable considering there was not an obvious contributing factor to growth this year,”…

The Indiana Black Legislative Caucus has announced its 2025 legislative agenda, prioritizing measures that address the health, safety, and well-being of Black communities across the state. Key initiatives include: Voluntary Family Leave Insurance. Senator La Keisha Jackson's bill would extend Medicaid coverage for postpartum care, including the option…

Canadian Imperial Bank of Commerce. The notes will not constitute deposits insured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation, or any other government agency or instrumentality of Canada, the United States or any other jurisdiction. Neither the Securities and Exchange Commission nor any state or provincial…

A Missouri court has finalized a settlement of a wrongful death lawsuit filed by the adult children of a Missouri man killed last year in a car crash that the Missouri Highway Patrol says was caused by a Mission Hills man driving the wrong way. According to court records in Johnson County, Missouri, a payment of $2.25 million was made on Jan. 9 by the insurer of Peter E….

New York Life, the largest 1 mutual life insurance company in the United States, has announced planned leadership transitions in the company’ s Foundational Business, which delivers protection-first holistic advice and guidance to millions of customers through its 12,000 agents and advisors across the United States. He joined New York Life in 2015 as head of…

According to the Centers for Disease Control and Prevention, the risk of motor vehicle crashes is higher among 16- to-19-year olds than for any other age group. Let's look at an example of a six-month policy for full automobile insurance coverage, which would cost Mom and Dad $991. In North Carolina, you are required to have automobile liability insurance to…

Half of the 1,026 college students surveyed by Generation Lab had a favorable view of Luigi Mangione, the 26- year-old accused of gunning down Thompson outside a New York hotel in December. Elizabeth Warren, D- Mass., seemed to empathize with Mangione's actions. The Centers for Medicare& Medicaid Services statistics show Americans spent $4.9 trillion on…

The webcast is sponsored by LexisNexis Risk Solutions, which noted that the third quarter of 2024 saw the continuation of a multiyear trend of policy shopping growth, with auto policy shopping up by 31% year over year and new policies increasing by nearly 26%. Joining the panel discussion is Chris Rice, vice president, strategic business intelligence,…

It was a letter from my car insurance company, which I have used for 56 years, informing me that it was discontinuing auto and property insurance in Florida when my policy expires. Florida accounts for 79% of all insurance lawsuits in the U.S. Lawyers have more incentive to take cases due to a 2017 state Supreme Court decision allowing higher fees for these cases.

Axcelus Financial has named Keith Stock Chief Executive Officer for its Bermuda- based Class-C Insurance companies: Axcelus Financial Life Ltd., Axcelus Financial Global Insurance Ltd., Axcelus Financial Life Insurance Company Ltd, and holding company Axcelus Financial Holdings Ltd. The Class C insurance companies are leading international providers…

The state of Texas continues to fall behind in health insurance enrollment, according to new research from SmartAsset. Of the 810 counties SmartAsset reviewed, 19 of the 20 with the lowest health insurance enrollment are in Texas. Hidalgo County Cameron County Webb County Starr County Ector County Potter County Dallas County Harris County El Paso County…

Vikco Builder’ s Risk, a division of Vikco Insurance Services and backed by K2 Insurance Services, announces today the launch of their Managing General Agent specializing in excess and surplus lines Builder’ s Risk Insurance. “We’ re thrilled to launch Vikco Builder’ s Risk in partnership with such great industry leaders,” said Kaileigh Bowe, Executive Vice…

Georgia Insurance and Safety Fire Commissioner John King speaks at the Georgia Chamber of Commerce's Eggs and Issues event in Atlanta early in the 2025 legislative session. Proponents of overhauling Georgia's legal landscape say they aim to create more balance between plaintiffs and defendants in Georgia's court system, often citing an American Tort…