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AB 226, a borrowing mechanism bill passed by the state assembly, allows bond issues supporting the homeowners insurer of last resort – but doesn't specify traditional financing or catastrophe bonds. Cat bonds would not have to be paid back. Also, a climate finance policy advisor said, the bill doesn't account for future disaster risks.
April 20 -
EasieOps addresses pain points in document processing, including integration challenges and scalability barriers.
April 17 -
Transform legacy systems to address changing workforce and attract digital natives to the insurance industry.
April 17iPipeline -
Homeowners who invest in wildfire mitigation measures get no guarantee of breaking even in the form of premium discounts, an insurance attorney points out.
April 16 -
The inability to react to emerging trends quickly can cost insurers money and customers.
April 16Decerto -
Fifty-one percent of insurance agency employees report feeling burned out, according to research from Liberty Mutual and Safeco.
April 15 -
Independent and mid-sized firms must make strategic choices about where and how to adopt new technologies.
April 15Hatcher Insurance Group -
A bipartisan group of representatives co-sponsored the bill, aiming to make permanent and expand eligibility for a deduction previously offered for 14 years.
April 15 -
Recent wildfire updates include the Federal Housing Authority's waiving of quality-control reviews and the upheaval of the state's commercial real estate space.
April 15 -
State lawmakers approved a trailer bill to last year's budget that aided Medi-Cal and provided funding to local governments affected by January's wildfires.
April 14