Nike, based in Beaverton, Oregon, joins a growing number of companies including Estee Lauder and Levi Strauss& Co. that have announced job cuts in recent weeks. INSURANCE: California drivers can now buy an auto insurance policy directly from Allstate again, after the company quit selling new insurance through its website or phone service to customers in the…
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On Jan. 19, she received a letter from Farmers Insurance, one of the nation’ s top insurers, that after reviewing her file, they were unable to insure her 1947 ranch-style home in Mebane. Though she said she’ d never filed a claim during her four years as a policyholder, her consent-to-rate premium“ exceeds 250% of the N.C. Rate Bureau premium,” the company said.
Insurance Commissioner Ricardo Lara is kicking off his planned overhaul of California "s insurance market rules this year with a hearing next month on streamlining approvals for requested rate increases, one of several key demands from insurers who have been bailing on homeowners or cancelling policies across the state. Lara last fall announced sweeping…
What insurers need in order to win in 2024
Insurers that focus on customer experience, enabled by advanced digital technologies, will win in 2024.
The January 2024 CPI data released this week shows a 20.6 percent increase from last year. As it stands, consumers are paying an average of $1,785 per year for full-coverage insurance, according to AAA. That is a big jump from pre-Covid 2019 costs of $1,194.
Nursery plants are a poor fit for USDA crop insurance, which is geared toward single crop commodities that are harvested regularly, said Amanda Staehely, owner of Columbia Nursery near Canby, Ore.. Staehely is president of the Oregon Association of Nurseries, which has been raising awareness of the problem for years. A massive shade structure's retractable roof…
Monahan, 66, of Hebron, was convicted of second-degree murder, first-degree reckless endangerment and tampering with physical evidence in a criminal trial in Washington County Court in January, related to the fatal shooting of 20- year-old Kaylin Gillis in April 2023. At the time of the incident, the Monahans held a homeowner's insurance policy through the…
Because of the unique location and extensive coastline, the State of Florida is frequently affected by hurricanes. As resilience starts at home, FEMA strongly encourages homeowners in Florida to take mitigation measures now to prepare you and your family against potential disasters. Why should you consider taking mitigation measures?
Marvin Shebroe and Colleen Hernandez both said they filed a claim with Farmers Insurance for a cracked windshield. In both cases, the bills were generated by a Sarasota company, The Florida AutoGlass Guys, LLC. Mark Friedlander, of the Insurance Information Institute, says any call about a recall for autoglass should sound alarm bells.
Insurance outlook for 2024 is positive, despite uncertain environment
The insurance outlook for 2024 is generally positive despite being challenged by catastrophes, inflation and mortality rates.
Allstate wants to raise the average price of its home insurance policies by almost 40% for its California customers. It all started back in April 2023, when the company asked for the increase. Roughly 170 home and automobile policy price changes were pending in front of the Department of Insurance last month.
Oklahoma is pretty much a disaster. Oklahoma has had 52 natural disasters since 2000, far and away the most in the U.S., according to insurer Recoop. Mark Tedford, R- Tulsa, is in the insurance business himself.
The National Council of Insurance Legislators (NCOIL) Property & Casualty Insurance Committee met Friday and adopted the NCOIL Public Adjuster…
Property/casualty insurance companies suffered large losses in 2023 not from major catastrophes, but primarily from a series of severe convective storms, Moody’s Investors Service reports.
The North Carolina Department of Insurance issued the following news release on Feb. 6, 2024:. "I haven't seen the evidence to justify such a drastic rate increase on North Carolina consumers," Commissioner Causey said. North Carolina consumers deserve a more thorough review of this proposal.
The N.C. Rate Bureau's 42.2% proposed hike in homeowners' insurance rates was rejected Tuesday by Mike Causey, the state Insurance commissioner. Causey has set a hearing for 10 a.m. Oct. 7 to address the bureau's request that included an Aug. 1 effective date. "I haven't seen the evidence to justify such a drastic rate increase on North Carolina consumers," Causey said…
Spencer Roach, a Republican from Lee County, and Rep. But during a workshop held by the state House Insurance and Banking Subcommittee, Citizens CEO Tim Cerio said the bill could cause the company "s reinsurance costs to skyrocket by 645%— from $628 million to $5.6 billion if 100% of Florida properties were covered. Insurance premiums in Florida have increased…
Florida Chief Financial Officer Jimmy Patronis issued the following news release on Feb. 5, 2024:. Today, Chief Financial Officer Jimmy Patronis announced the arrest of William Diehl for allegedly impersonating an insurance agent and defrauding consumers purchasing auto insurance. CFO Jimmy Patronis said, "Fraudsters will go to incredible lengths to scam…
Damage to an Algonquin storage facility and its contents could reach $1 million or more following a fire there Sunday, but tenants of Life Storage may have to wait for details on whether their possessions were damaged in the blaze. Investigators were still working to determine the cause and extent of the fire at Life Storage, 2301 W. Algonquin Road,…
CITRUS COUNTY, Fla.– Florida homeowners are still getting hammered by rising insurance rates and some people are getting their policies dropped altogether. That's what prompted a Citrus County woman to reach out to 8 On Your Side for answers. "It's a hard pill to take," said Ron Assise, an insurance broker at The Horton Group. "