The state-backed Citizens Property Insurance Corp. continued to add thousands of policies a week in December, while new legislative proposals would try to steer more homeowners into the private insurance market.

The American Property Casualty Insurance Association has unveiled its legislative priorities for the 2022 Session.

Congress has reauthorized the National Flood Insurance Program (NFIP) through February 18, 2022. Prior to this most recent temporary reauthorization, the NFIP had been set to expire on December 3, 2021.

Insurance companies in Louisiana will be assessed $100 million â€" and likely more in the future â€" to pay the claims of two failed property insurers who went belly up in Hurricane Ida's aftermath.

For years experts have been talking about the "gray tsunami" that threatened the workers' compensation industry. The crushing wave said to be coming was not one of earth temblors and overwhelming waves, but rather a current of retirement from an aging and long-entrenched workforce

The Louisiana Department of Insurance said that the board of directors of the Louisiana Citizens Property Insurance Corp. (Citizens) has voted to increase the amount of commercial property insurance coverage available to businesses to ensure they can acquire sufficient coverage through Citizens if they are not able to secure coverage in the private market.

In his 2015 stand-up special The Comeback Kid, stand-up comedian John Mulaney joked that the government had '[become] like cool parents' when it came to marijuana. It's a claim many an onlooker would agree with.

Third-Party Litigation Funding ('TPLF' or 'third-party funding') is an emerging practice impacting insurers, attorneys, and policymakers. In general, TPLF involves the non-recourse funding of a claim by a non-party for a share in the proceeds if the claim is successful.

When it comes to homeowners insurance, a lot of policies leave certain 'aggressive' dog breeds out in the cold. Now, animal advocacy groups, that's starting to change. For years, most insurers have limited coverage or downright denied policies to homes in which there's a dog they deem to be of a potentially dangerous breed.

Two of California's worst wildfires in 2018 cost Allstate Corp. a half-billion dollars, but the insurance conglomerate was able to give investors some reassuring news: It had already shrunk its footprint in California by half, creating a buffer of sorts against future losses.

A committee of the Massachusetts Legislature has held a hearing on a bill that would limit the amount of time insurance companies have to investigate the cause of a loss, and would require the insurer to make payments for the vehicle while the investigation is ongoing.

The MCCA, a nonprofit corporation with a board controlled by the insurance industry that manages a fund that pays for catastrophic care, should issue the refunds, Whitmer said. The fund, which has assets of more than $27 billion, gets its money from surcharges paid by insured motorists.

The Biden administration introduced a new COVID-19 Action Plan on September 09, called 'The Path Out of the Pandemic,' which includes measures to reduce the number of unvaccinated Americans through regulatory powers and authorities.

In its current form, the proposed infrastructure bill helps insurance companies reduce risk while potentially increasing prices as it evolves toward a more tailored approach.

Beginning Monday, insurers can resume the process of canceling or non-renewing coverage for policyholders in southeast Louisiana after the state's top insurance regulator opted not to extend emergency protections issued ahead of Hurricane Ida.