March 14, 2025

California Insurance Commissioner Provisionally OK’s State Farm’s 22% Rate Request

California Insurance Commissioner Ricardo Lara provisionally approved State Farm’s request for a 22% interim rate hike, the California Department of Insurance announced on Friday. The approval is on the provision that the company can justify the hike with data in …

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State Attorney Generals Are Grabbing Headlines With Lawsuits. Missouri’s Bailey Stands Out

When Missouri Attorney General Andrew Bailey says he’ll seize assets to force China to pay a $24.5 billion award won in a lawsuit over COVID-19, the action might be aimed more at bolstering conservatives’ arguments that China was responsible for …

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US Property-Catastrophe Reinsurance Rates Likely to Stabilize During Midyear Renewals

Reinsurance renewal rates continued dropping during this year’s January renewals, but US property-catastrophe reinsurance pricing is likely to stabilize during the coming midyear renewals, according to a report from Moody’s Ratings. “The upcoming midyear 2025 reinsurance renewals, which focus on …

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People Moves: Shipper to Head Beazley N.A. Commercial Property; Porch Group Names New Leadership; Allstate Names Carter as CHRO

Specialty insurer Beazley appointed Lindsay Shipper as head of commercial property, North America, effective April 1. She will report to Richard Montminy, group head of property risks, and will be based in Atlanta. Shipper brings close to two decades experience …

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