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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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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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