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California Court Rules Against Customer for Libelous Online Posts About Contractor

California Court Rules Against Customer for Libelous Online Posts About Contractor

In a notable decision, a California court ruled that online disparagements made by a customer against her contractor were libelous, setting a precedent for business protection against false online accusations.
February 7, 2024 Legislation & Regulation Litigation Property Technology California

Florida Senate Moves to Allow Surplus Lines Insurers to Cover Second Homes

Florida Senate Moves to Allow Surplus Lines Insurers to Cover Second Homes

A key Florida Senate bill aims to shift secondary home insurance from Citizens to surplus lines carriers, stirring mixed reactions among industry professionals.
February 6, 2024 Excess & Surplus Lines Legislation & Regulation Property Florida

U.S. Farm Bureaus See 13% Premium Growth Amidst Underwriting Challenges

U.S. Farm Bureaus See 13% Premium Growth Amidst Underwriting Challenges

Over the last two years, U.S. farm bureaus in the property/casualty sector have enjoyed a 13% increase in premiums, driven by key lines of business despite facing underwriting and market share challenges.
February 5, 2024 Auto Property Underwriting

Atmospheric River Triggers Severe Floods and Landslides in Southern California

Atmospheric River Triggers Severe Floods and Landslides in Southern California

Southern California is under threat from life-threatening landslides and flash floods as an intense atmospheric river event hits the region, with significant rainfall expected.
February 5, 2024 Catastrophe Property Risk Management California

Insurtech Funding Falls to Four-Year Low in 2023, Reveals Gallagher Re Report

Insurtech Funding Falls to Four-Year Low in 2023, Reveals Gallagher Re Report

Insurtech funding declined to $4.5 billion in 2023, marking the lowest investment level since 2018 amidst a challenging economic climate.
February 5, 2024 Life & Health Property Technology

Six New Insurance Companies Set to Transform Florida’s Homeowner Insurance Landscape

Six New Insurance Companies Set to Transform Florida’s Homeowner Insurance Landscape

The entry of six new insurance companies into Florida’s market, following state regulatory approval, promises more options and competition for homeowners seeking coverage.
January 31, 2024 Insurance Industry Legislation & Regulation Property Florida

FloodFlash Revolutionizes Flood Insurance with Innovative Sensor Technology in the U.S.

FloodFlash Revolutionizes Flood Insurance with Innovative Sensor Technology in the U.S.

FloodFlash, with its unique sensor-based parametric flood insurance, is transforming the flood coverage landscape in the U.S., offering more accurate and reliable policies.
January 31, 2024 Property Risk Management Technology Alaska Hawaii

Fast-Moving Atmospheric River Set to Soak California

Fast-Moving Atmospheric River Set to Soak California

A potent atmospheric river is forecast to bring significant rainfall to California, raising concerns over landslides and flooding in already saturated regions.
January 30, 2024 Catastrophe Property Risk Management California Texas

Proposal to Introduce Pet Insurance in New York Gains Momentum

Proposal to Introduce Pet Insurance in New York Gains Momentum

New York legislators aim to join other states in offering pet insurance, with proposed bills focusing on regulatory frameworks and consumer protection.
January 30, 2024 Legislation & Regulation Life & Health Property California Maine Mississippi New York Washington

Citizens Insurance to Transfer Thousands of Policies to Private Insurers in 2024

Citizens Insurance to Transfer Thousands of Policies to Private Insurers in 2024

Citizens, Florida’s insurer of last resort, plans to transfer approximately 76,000 policies to private insurers this month, as part of its broader strategy to reduce policy count and address solvency concerns.
January 29, 2024 Insurance Industry Legislation & Regulation Property Florida

Amazon Revamps Neighbors App, Removing Police Video Access While Enhancing Community Features

Amazon Revamps Neighbors App, Removing Police Video Access While Enhancing Community Features

Amazon’s Neighbors app discontinues its Request for Assistance tool, restricting police video access, while introducing new features to foster greater community connection and sharing.
January 26, 2024 Catastrophe Property Risk Management Technology

Community Organizations Urged to Prepare as Emergency Shelters Amid Rising Severe Weather Events

Community Organizations Urged to Prepare as Emergency Shelters Amid Rising Severe Weather Events

A new report emphasizes the urgent need for community facilities like schools and churches to be ready as shelters during severe weather events, highlighting the potential impacts on services and community trust.
January 26, 2024 Catastrophe Liability Property

Court Upholds Insurer’s Denial of Vulture-Related Roof Damage Claim Under Infestation Exclusion

Court Upholds Insurer’s Denial of Vulture-Related Roof Damage Claim Under Infestation Exclusion

A court’s decision to uphold an insurer’s claim denial for roof damage caused by turkey vultures highlights the complexities in defining ’infestation’ for insurance purposes.
January 25, 2024 Litigation Property Weird Maryland Pennsylvania

Record Natural Disasters in 2023 Reveal Growing Global Vulnerabilities and Opportunities

Record Natural Disasters in 2023 Reveal Growing Global Vulnerabilities and Opportunities

In 2023, a record number of natural disasters, driven by severe earthquakes and storms, led to unprecedented economic and insured losses, highlighting the urgency for improved global resilience.
January 25, 2024 Catastrophe Property Risk Management

Florida’s Home Insurance Crisis Threatens Real Estate Market Stability

Florida’s Home Insurance Crisis Threatens Real Estate Market Stability

Florida faces a potential real estate downturn as home insurance premiums skyrocket, making mortgages increasingly difficult to obtain.
January 24, 2024 Catastrophe Legislation & Regulation Property Florida
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