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Insurance

Conflicting federal policies may cost residents more on flood insurance

by James Odonell
Conflicting federal policies may cost residents more on flood insurance

By David A. Lieb | Associated Press Conflicting federal policies may force thousands of residents in flood-prone areas to pay more for flood insurance or be left unaware of danger …

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Categories Politics

Detroit Drivers Pay An Average Of $5,300 A Year To Insure A Car, But Not Because Of Crime Rates

by Adesola Mojo
Detroit Drivers Pay An Average Of ,300 A Year To Insure A Car, But Not Because Of Crime Rates

The cost of car insurance has skyrocketed over the past year, but rates have been even higher for certain drivers solely based on where they live. Take the most expensive …

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Categories Automobile

Credit California insurance commissioner with acting on crisis

by Abhishek soni
Credit California insurance commissioner with acting on crisis

  “Father Knows Best” was a popular radio show in the post-World War II era that morphed into an even more popular television series starring actor Robert Young. Young’s character, …

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Categories Lifestyle

California auto insurance premiums soaring 54% this year

by Adesola Mojo
California auto insurance premiums soaring 54% this year

“Swift swings” takes a quick peek at one economic trend. The number: When this year is complete, the typical auto insurance policy in California will be 54% pricier than 2023. …

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Categories Automobile

Clashing risk predictions cast doubt on black box climate models

by Adrian Jhonsan
Clashing risk predictions cast doubt on black box climate models

Many companies offer detailed climate projections tailored to property-level precision. These tools can allow owners and investors to better anticipate risks of flooding, wind, wildfire and other disasters. Insurers have …

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Categories World

California consumer group can intervene in insurance rate cases, after state’s unusual invitation to challenges

by James Odonell
California consumer group can intervene in insurance rate cases, after state’s unusual invitation to challenges

Consumer Watchdog, the Los Angeles group that has repeatedly challenged state Insurance Commissioner Ricardo Lara, has won its recertification effort, a decision that allows the group to collect money for …

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Categories Politics

California condo owners to get expanded FAIR plan fire insurance

by Abhishek soni
California condo owners to get expanded FAIR plan fire insurance

By Nadia Lopez | Bloomberg California plans to extend its last-resort insurance program to cover higher-value properties in areas prone to wildfire, adding new potential liabilities for the already stressed …

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Categories Lifestyle

Automakers Sold Driver Data To Insurance Companies For Next To Nothing

by Adesola Mojo
Automakers Sold Driver Data To Insurance Companies For Next To Nothing

Your car has been spying on you and collecting data. That alone is worrying to many, but a recent letter sent to the Federal Trade Commission (FTC) by two U.S. …

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Categories Automobile

Watch: Two-hour rain submerges Merc, BMW among other cars in Gurgaon, video goes viral

by Adesola Mojo
Watch: Two-hour rain submerges Merc, BMW among other cars in Gurgaon, video goes viral

Despite being a major corporate hub hosting several MNCs, Gurgaon has long faced criticism for its inadequate infrastructure, which leads to waterlogging even after light rains. Recently, heavy rainfall in …

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Categories Automobile

Allstate seeks to raise California homeowners’ insurance rates by 34%

by Milton Acorn
Allstate seeks to raise California homeowners’ insurance rates by 34%

In yet another sign of instability across California’s home insurance market, Allstate is seeking to raise policyholders’ premiums by an average of 34%. The insurance giant, the sixth largest provider …

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Categories Science
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