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Diversification, Risk Modeling Top of Mind for Carriers as Cyber Market Softens

As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth strategies, according to panelists at this year’s PLUS Cyber Symposium in New York City. “They’re seeking diversification in the standard …

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People Moves: California Reappoints Members to Diversity Task Force and WCIRB Governing Committee

California Insurance Commissioner Ricardo Lara reappointed members Mitch Steiger and C. Bryan Little to the California Workers’ Compensation Insurance Rating Bureau Governing Committee and reappointed member Dr. Fabiola Cobarrubias to the Insurance Diversity Task Force. The WCIRB Governing Committee sets …

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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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