The company is jointly owned by Samsung Fire& Marine Insurance Co. Ltd., Shenzhen Tencent Domain Computer Network Company Limited, and four minority shareholders. The company also benefits from the distribution capabilities and extensive market outreach of Tencent Domain’ s affiliated online platforms and overall management oversight.
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A broad-based coalition of more than 16 established public adjusters, insurance attorneys and prominent industry professionals announced the creation of a formal Public Adjusting Code of Professional Conduct.
Jeff Landry announced Monday that the state plans to redirect $20 million in federal funding originally meant for affordable housing to instead launch another fortified roof grant program for homes impacted by recent hurricanes. After storms in 2020 and 2021 caused homeowners insurance rates to shoot up, especially in coastal Louisiana, fortified roofs…
Nevada drivers pay some of the highest car insurance rates in the nation, and the state's top insurance regulator says the drivers themselves are largely to blame. Full-coverage car insurance, which combines liability, collision and comprehensive protection, averages $259 a month in Nevada, according to the insurance comparison site Insurify.
The following information was released by the California Department of Insurance:. Climate-intensified El Nio heightens flooding, mudslide, and debris-flow risks; Commissioner Lara urges consumers to consider flood insurance before 30- day waiting period since most homeowners and renter policies do not cover flooding. SACRAMENTO, Calif. Following…
TALLAHASSEE, Fla.— The insurance fight is emerging as one of the clearest policy divides between gubernatorial candidates Democrat David Jolly and Republican Byron Donalds. "David Jolly's plan is a government takeover of wind insurance in the state of Florida," said Donalds to the crowd. Everybody gets assessed, whether the storm hits Daytona shores, whether it…
A Charlotte man is facing 14 felony charges after North Carolina investigators accused him of using stolen identities and fraudulent…
The city of Santa Fe and its liability insurer have agreed to a $1.25 million settlement to resolve a man’ s claim of excessive force by a police officer who struck him in the back with a stun gun after he shot a dog that had critically wounded his pet goat in 2024. A judge ruled police had no probable cause to arrest Jeffrey Hurtado, a city employee, on a charge of…
MGT, the leading AI-native neo-insurer modernizing P&C commercial insurance for small businesses and their agents, today announced its expansion to California, bringing its property and casualty insurance products to one of the country’ s largest and most underserved small-business markets. Given that California represents 14% of the domestic market, it…
RICHMOND, VA., Sept. 22, 2026/ PRNewswire-PRWeb/– Soteris, a YC-backed machine learning company for the P&C insurance industry, today announced the launch of a new product that helps carriers and MGAs make more money, often millions more, from their current distribution network, without any change to rates, forms, filings, or headcount. Soteris's first product, which…
NEW YORK& ALPHARETTA, Ga.—- Cornell Capital LLC, a U.S.- based private investment firm with offices in New York and Hong Kong, today announced that it has acquired Hancock Claims Consultants, one of the nation’ s leading providers of outsourced claims field services to residential property and casualty insurance carriers. Cornell Capital will support Hancock’ s…
Donalds counters on the campaign trail and in a television ad that Jolly's plan would institute a $1,000 "hurricane tax" on Florida families. The Donalds campaign cites a recently published study from Florida State University as the source of its contention that Jolly's plan would blow a hole in Florida voters' pockets if approved. But that FSU study isn't based…
The two Democrats running for California insurance commissioner offer voters a stark choice for tackling a wildfire-driven home insurance crisis as premiums surge and insurers drop thousands from their plans: Can the state fix the private market, or should it step in with its own coverage? Jane Kim, a former member of the San Francisco Board of Supervisors, has…
What office are you seeking: Illinois State Representative, 70th District. President, Sycamore Public Library Board; State Representative, 70th District; House Republican Conference Chairman; Chairman, Illinois Legislative Ethics Commission; Ranking Republican Member, House Insurance Committee, House Artificial Intelligence and Emerging Technologies…
The Opelika City Council approved new regulations for hemp stores during its regular Tuesday meeting. •„The city council approved an annual Excess Loss Insurance contract with Wellpoint. •„The city council approved an annual General Liability Insurance agreement with Marsh& McLennan Agency.
Pet owners across the nation are getting a costly surprise a year into their pet insurance plans. The increases can be eye-popping, with some social media users reporting their pet insurance premiums jumped from $200 per year to $1,362— a 581% increase. Nick VinZant, director of public relations at Trupanion, agreed. "
Fraud, inaccurate information, and misrepresentation cost the U.S. personal auto and homeowners insurance markets an estimated $45.3 billion annually, according to an analysis released by insurance risk-assessment company Clearspeed. The FBI has also estimated the impact at $400– $700 annually for the average U.S. family. Clearspeed calculated its…
SACRAMENTO— California Insurance Commissioner Ricardo Lara introduced proposed regulations Wednesday to bar auto insurance companies from using marital status when calculating rates, taking aim at a 30- year-old industry pricing mechanism. The proposal would eliminate a key optional rating factor permitted since 1996, aligning California's…
Latimer County has new flood maps that will become effective March 16, 2027. Until March, a FEMA compliance specialist will work with the community to update floodplain ordinances and adopt new flood maps. Residents with federally backed mortgages must have flood insurance if their structures are in the Special Flood Hazard Area.
The following information was released by the office of Minnesota Sen. Senator Tina Smith's bipartisan legislation to safeguard the availability of terrorism risk insurance coverage passed the Senate Banking Committee by a unanimous vote.Roughly 60 percent of American businesses have terrorism risk insurance, which could become unavailable without…
