Category: Latest Insurance News Articles

The latest headlines, on all lines of insurance, will be updated and listed here.

Liberty Mutual Drops a Bombshell on California Condo and Renters Insurance Market

Angela Linders
Liberty Mutual

Liberty Mutual to Exit California’s Condo and Renters Insurance Market by 2026 Liberty Mutual, the fourth-largest home insurance provider in California, has announced plans to discontinue offering new condo and rental insurance policies starting January 1, 2025. The company aims for a full exit from these markets by 2026. This decision follows a wave of insurance companies pulling back from California, citing increasing risks and market volatility. Liberty Mutual’s subsidiary, Safeco, will also cease providing these policies, leaving thousands of Californians searching for alternative insurance options. Insurance Company Background Over…

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Texas Slaps Allstate Owned Arity with Privacy Violation Notice

Angela Linders
Allstate data privacy violation

Texas Attorney General Accuses Arity of Violating Data Privacy Laws Texas Attorney General Ken Paxton has issued a notice of violation to Arity, a data broker owned by Allstate, for allegedly failing to comply with the Texas Data Privacy and Security Act (TDPSA). The notice, sent on November 29 and later made public, accuses Arity of failing to clearly notify consumers about the types of data it gathers and processes. It also claims the company sold sensitive data without user consent, raising concerns about privacy and ethical use of personal…

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The Role of a Wrongful Death Attorney in Helping Families Heal

Guest Author
wrongful death attorney

Dealing with the unexpected loss of a loved one is an emotional and overwhelming experience. When the death is caused by someone else’s negligence or wrongful actions, the situation becomes even more painful. A wrongful death attorney plays a crucial role in guiding families through this challenging time, helping them navigate the legal process while seeking justice and compensation. Here’s how these attorneys provide support and help families heal. Understanding Wrongful Death Claims A wrongful death claim is a legal action brought by the family of a deceased individual whose…

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Insurance Giants Take Hyundai and Kia to Court Over Burning Cars

John Bowers
Insurance giants going to court

Allstate Insurers File Lawsuit Against Hyundai and Kia Over Fire Risks – Lawsuit Details Allstate and its subsidiaries, including Esurance, National General, Integon, and Safe Auto, have filed a subrogation lawsuit in the U.S. District Court for the Central District of California against Hyundai and Kia. The insurance giants are seeking to recover costs paid to insured customers for damages related to alleged defects in the automakers’ vehicles that caused fires. According to the lawsuit, Hyundai and Kia knowingly failed to recall millions of vehicles equipped with potentially dangerous defects.…

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Deadly Ambush of UnitedHealthcare CEO Sparks Industry-Wide Questions

Nordstrom
UnitedHealthcare CEO ambush

UnitedHealthcare CEO – A Shocking Crime in New York City Brian Thompson, CEO of UnitedHealthcare, was brutally killed last week in a high-profile attack that has garnered national attention. Caught on CCTV footage, the 50-year-old was ambushed by an unidentified gunman outside the Midtown Hilton Hotel in Manhattan as he prepared to attend an investor meeting. The assailant fired multiple rounds before fleeing the scene on an e-bike, later reportedly leaving New York City on a bus. Investigators are still pursuing leads and testing DNA evidence. The murder has sent…

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Florida Cracks Down on Insurers, Returns $6 Million to Consumers

Ryan Cox
Florida Cracks Down on Insurers

Florida Insurance Commissioner Returns Nearly $6 Million to Consumers Following Insurance Investigations This Year The Florida Office of Insurance Regulation (FLOIR), under the leadership of the state’s insurance commissioner, has taken significant action against insurers failing to meet administrative and consumer protection standards. Throughout 2024, these efforts have culminated in nearly $6 million being returned to consumers. This regulatory crackdown highlights the state’s commitment to holding insurance companies accountable and ensuring Florida residents receive fair treatment in handling claims and other insurance-related processes. Details of Fines and Investigations FLOIR’s efforts…

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Why AM Best Predicts a Profitable 2025 for US Commercial Insurance Market

Angela Linders
US Commercial Insurance Market

AM Best Maintains Stable Outlook for U.S. Commercial Insurance in 2025 AM Best has reaffirmed its stable market segment outlook for the U.S. commercial insurance sector heading into 2025. This positive assessment is attributed to the segment’s strong underwriting performance and better investment returns, contributing to solid operating profitability. While challenges persist, insurers in this sector demonstrate resilience and adaptability, supported by sound risk-adjusted capitalization. Strong Underwriting Performance and Reserve Adequacy The U.S. commercial lines segment has benefited from favorable underwriting results, with combined ratios averaging in the mid-90s over…

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