-
First Street estimates that 39 million U.S. homes are insured at artificially suppressed prices compared with the risk they actually face. Of those, nearly 6.8 million homes are covered by state-backed "insurer of last resort" policies.
September 20 -
The lawsuit requests the creation of an abatement fund to finance climate mitigation efforts, an injunction to protect California's natural resources, damages and penalties.
September 18 -
The use of catastrophe models and of sophisticated AI to make coverage decisions are all under debate.
August 21 -
AI-powered catastrophe and risk models use varied sources, including aerial imagery.
August 21 -
Referred to as "vehicle to grid," two-way charging works by sending power to the grid from an electric vehicle's battery while the car is parked and plugged in.
August 8 -
Last month, Farmers Insurance Co. said it would limit sales of new home insurance coverage in California. In May, State Farm General Insurance Co., the state's biggest home insurer, said it would stop writing new policies altogether. Allstate Corp. halted the sale of new policies in the state last year.
August 8 -
CSAA used AI-powered aerial image analysis in a decision to not renew a homeowner's insurance policy in Northern California.
July 31 -
Yellen, who also chairs the Financial Stability Oversight Council, said that a spate of extreme weather events is causing insurers to raise rates on homeowners.
July 28 -
The dispute is over a cyber attack from 2014 through 2015 that potentially exposed personal information of patients at UCLA Health.
June 29 -
AIG's decision comes on the heels of both State Farm and Allstate Insurance Co. announcing plans in recent weeks to stop writing new policies in fire-prone California.
June 9