California is dangerous for insurers, but not due to fires and floods

Hurricane Ian inflicted more punishment on Dakin Dairy Farms than any other storm in history. Owner Jerry Dakin estimates the damage at $3 million, plus 360 cows lost during the storm. Jerry Dakin seems resolute that Dakin Dairy Farms, 30771 Betts Rd. in Myakka City, will survive and recover— even though there is sadness at all that has been lost, and uncertainty over…

Brian Kemp is on a mission to make Georgia the undisputed electric vehicle capital of the nation. For its proposed plant, Rivian Automotive received $1.5 billion in state and local incentives. Georgia is currently behind California in the EV industry, he said.

Nancy Skinner, D- Oakland and Catherine Blakespear, D- Encinitas, following the mass shootings across the state in January. San Jose has a gun insurance law, the first such law in the nation. SB 8 will be modeled after San Jose law, which went into effect at the beginning of this year.

Gonzalez, like more than 100 others residents, was displaced when fire engulfed dozens of units at a two-story building at 395 NW 177th St. in Miami Gardens. Representatives from the South Florida Red Cross and Miami-Dade County Office of Housing Advocacy were there to open files and offer help, whether residents were staying at the shelter or not.

A House committee is set to take up the key measure Tuesday that would allocate $45 million to a state incentive fund to entice insurance companies to write policies in Louisiana. House Appropriations Committee Jerome "Zee" Zeringue, R- Houma, is the sponsor of the three-page proposal– House Bill 1.. Under the plan, firms, would have to put up $1 for each dollar of state…

The Federal Emergency Management Association is awarding an additional $7.1 million in federal grants for hurricane recovery efforts in Southwest Louisiana. *$2,784,548.25 to the city of Lake Charles for repairs to the Public Works Administration building. *$1,429,379.82 to the Calcasieu Parish School Board for repairs to the J.I. Watson Elementary…

Jan. 30— MYAKKA CITY— Hurricane Ian inflicted more punishment on Dakin Dairy Farms than any other storm in history. Owner Jerry Dakin estimates the damage at $3 million, plus 360 cows lost during the storm. Dakin this week seemed resolute that Dakin Dairy Farms, 30771 Betts Road, Myakka City, will survive and recover.

Mayor-President Josh Guillory declared a state of emergency Dec. 24, 2021, over an underground fire at the Scott Construction Dump on Gene Road that had been reported burning since around Dec. 3, prompting complaints from nearby residents of noxious odors and smoke. In November, LCG filed a lawsuit to recover its costs, noting representatives with the Louisiana…

Skyrocketing insurance is an existential crisis for Louisiana's residents and economy. The crisis stems from bad policies in Florida and a series of record-breaking, destructive storms that made doing business in Louisiana a costly, high-risk gamble for insurers. We faced a similar crisis after hurricanes Katrina and Rita.

This estimate reflects inland flood impacts for the U.S. and includes damage to infrastructure.

Entergy's 1 million Louisiana customers will foot the bill for $1.4 billion more in Hurricane Ida grid repair costs after the Public Service Commission approved a compromise agreement last week that reduced rate payers' immediate obligation by about $180 million. New Commission Chairman Foster Campbell, D- Elm Grove, and newly elected Baton Rouge Democrat…

There were 987 announced insurance agency mergers and acquisitions in 2022, down 8% from 1,075 reported in 2021, according to OPTIS Partners.

That total includes $83 million of debris removal costs, Hubbard said during her report to the Board of Supervisors at Tuesday's meeting in Santa Maria. The county also has Disaster Survivor Assistance Teams who are visiting the homes of those whose properties may have faced damage from the storms and helping people register for the FEMA assistance.

TAMPA, Fla.— More than 100 days have passed since Hurricane Ian ripped off Joe Fox and Amira Antelo's roof, leaving their home severely damaged— and they are still waiting for their insurance to come through. The two have been living and working in an RV on their property in Port Charlotte, but they will lose that soon. The couple had wind damage coverage through…

TAMPA, Fla.— Florida residents weren't the only ones impacted by Hurricanes Ian and Nicole. Three of the state's largest power companies, Tampa Electric Company, Duke Energy Florida, and Florida Power& Light, have each proposed rate hikes to cover the cost of restoring power after the storms wreaked havoc across the state. In a multi-month process, FPL, TECO, Duke…

LOUIS— Two major insurance companies have refused to issue new policies on some Kias and Hyundais in the St. Louis region as theft rates of those vehicles remain high following last year's surge. It's hard to call a precedent for this, "said Michael Barry, spokesman for Insurance Information Institute, a consumer education organization. Florissant resident Dru…

U.S. insurers are expected to increase their risk tolerance and grow portfolio allocations to private assets amid their concerns about higher market volatility and inflation, according to a new survey of U.S. life and property & casualty (P&C) insurers, sponsored by leading global insurance asset management firm Conning.

Tuesday, Jan. 24, Charlotte County Event Center, 75 Taylor St., Punta Gorda. Wednesday, Jan. 25, Tringali Meeting Hall, 3450 N. Access Road, Englewood,. Friday, Jan. 27 and Saturday, Jan. 28, Florida Southwestern State College, 8099 College Parkway, A177, Fort Myers, Florida.

John Bel Edwards on Sunday called a special session of the Legislature to grapple with Louisiana's property insurance crisis. The gathering is set to last from Jan. 30 until no later than Feb. 5. Both Senate President Page Cortez, R- Lafayette, and House Speaker Clay Schexnayder, R- Gonzales, said they back the move.