Michael Shashoua

Several insurance and wildfire-related bills were signed into law October 10, including authorization for bonds to finance California's insurer of last resort.

Insurers getting proactive about climate risks are finding that excess and surplus lines are a vehicle for innovation in coverage.

Reed Smith insurance plaintiff attorney Hugh Lumpkin points to 90% of Citizens Property Insurance arbitrations denying claims, with insurer funding judges' salaries.

The federal flood insurance program, which lapsed just before the government shutdown, mostly covered severe repetitive flood risk that the industry cannot cover.

Mercury Insurance, among others, are building climate science teams to better inform their risk and pricing.

Deepa Soni becomes executive VIP and CIO, similar to her previous role at The Hartford.

Digital Insurance spoke with Veronika Torarp of PwC about the need for more climate resilience efforts, and what their benefits can be.

Changes in life insurance products require more than retrofitting legacy technology, insurance technology executives say.

California governor's executive order tasks insurance regulator and other state agencies to make recommendations on mitigating wildfires, insurance affordability and availability, expediting insurance claims and more.

California insurance commissioner Ricardo Lara proposes stricter standards for Consumer Watchdog's compensation in representing home insurance policyholders against insurers' rate increase proposals.

Insurers lack adequate and accurate data, even finding incorrect death certificates, making it more difficult to assess underwriting risk correctly.

AB 226, still subject to governor's approval, allows likely $1 billion of borrowing to cope with strains on the state's insurer of last resort.

New law, SB 429, California Wildfire Public Catastrophe Model Act, depends on the state's university system and its resources to check insurers' and regulators' risk modeling.

Triage spearheads U.S. expansion plans for London-based insurtech.

A report by Weiss Ratings, based on state regulators' data, finds insurers more aggressively denied claims under the law, and claimants responded with more lawsuits.

Larger states are more likely to have funds for prevention of natural disasters and responses to these events, says Chip Merlin, an attorney who represented Hurricane Katrina survivors.

Upstage, founded in 2020, recently completed a funding round with backing from Amazon, validating its customizable solution for extracting information from documents.

The report, cowritten by the U.S. Chamber of Commerce and the Chamber's foundation, predicts job losses and lost economic activity, but sees prevention potential from public-private partnerships.

The home insurer's objections to an in-person public hearing with regulators are dismissed by a California administrative judge, along with efforts to separate and postpone wildfire claim handling complaints from the rate hearings.

Trinidad Navarro, insurance commissioner of Delaware, urged the National Association of Insurance Commissioners to continue developing a nationwide platform where insurance consumers can look up disciplinary and regulatory actions against agents.