The Latest

Members whose districts include Altadena and Pacific Palisades are behind the measure, which calls for an initial 180-day forbearance period.

The future of insurance AI is open

A round up of announcements and actions by the state's insurance regulator, a consumer advocate and an industry trade association.

The California-based insurtech uses AI-powered models and property-specific data to address all perils, including wildfire, severe convective storms and non-weather water.

After the California wildfires, other state governments are reacting to wildfire mitigation and related insurance coverage issues, proposing bills or announcing plans for action.

The state's insurance crisis, worsened by the L.A. wildfires, has people talking about measures including mitigating risk, price signaling and even moving residents out of risky areas.

The FEMA-operated program has over 4.7 million policies in force, and lawmakers have kept it intact via dozens of short-term extensions since 2017.

Companies like healthcare platform Sesame and others are launching dedicated efforts to provide victims of the California wildfires with vital resources.

Digital Insurance's recent survey found insurance professionals are planning to spend more on tech, like artificial intelligence, but are wary of unseen risks.

The nation's largest homeowners insurance providers imposed rate hikes in double-digit percentages last year, led by Farmers' 53.5% increase in Maryland.