California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22% rate request from State Farm, instead calling a meeting with the carrier to get some answers about the carrier’s financial situation and more. State Farm General earlier this …

California Insurance Commissioner Ricardo Lara and a group of state lawmakers are pushing a 10-bill legislative package designed to improve disaster preparedness and help protect wildfire survivors. The bills intended focus are on consumer protection, climate resiliency and market strength. …

A Texas county on Wednesday approved holding an election sought by SpaceX that would let residents living around billionaire Elon Musk ‘s company decide whether to formally create a new city called Starbase. The election was set for May 3 …

Texas’ main grid operator on Thursday forecast that the state’s growing demand for power could surpass its available energy supply beginning in summer 2026. In a report outlining potential supply and demand over the next five years, the Electric Reliability …

iink, a provider of technology to streamline the property damage insurance claims process and support faster payments to contractors, property owners, and claim professionals, is pleased to announce the appointment of Scott Fleszar as its new Chief Executive Officer. Mr. …

Two North Dakota nonprofits have settled their lawsuit against a white nationalist hate group that alleged it intimidated immigrant business owners, though the details are unclear. A court docket entry last week gave notice of the settlement following a conference …

Premium renewal rates increased year over year for all major commercial lines, except workers’ compensation, according to the January 2025 results of the Ivans Index. Month over month, commercial auto, business owners policy (BOP), and commercial property experienced decreases in …

Heavy rains caused flooding and mudslides in Los Angeles late Thursday and early Friday, as authorities ordered evacuations and warned of potentially dangerous conditions across land burned by last month’s devastating wildfires. About half a foot of rain has fallen …

RALEIGH, N.C. (AP) — North Carolina House members advanced Wednesday a Republican package to boost state recovery funding after Hurricane Helene as committees fleshed out details on how best to spend another $500 million to address the historic flooding. The …

PG&E Corp. wants California to promptly shore up the state’s $21 billion insurance fund for utilities that is at risk of being drained following the recent devastating fires in the Los Angeles area. Investors are concerned that if neighboring utility …

MONTGOMERY, Ala. (AP) — A bipartisan coalition of mayors, lawmakers and law enforcement in Alabama endorsed a public safety package on Thursday that would ban the devices that convert semi-automatic weapons into machine guns — a rare consensus on gun …

Signs of recent bird flu infection were found in three US veterinarians, two of whom had no known prior exposure, researchers said, suggesting potentially wider spread of the dangerous virus than has been suspected. One of the veterinarians worked with …

Virginia State Police and the Federal Bureau of Investigation (FBI) are investigating a “sophisticated cyberattack” that struck the Richmond offices of Virginia Attorney General Jason S. Miyares on Wednesday. After learning of the incident, the agency shut down its computer …

Lawyers sparred before New York’s top court Wednesday over how specific a man alleging sexual abuse decades ago needs to be in his lawsuit against the state in a case that’s being watched by advocates concerned about the legal standards …

Tropical Cyclone Zelia made landfall on Australia’s west coast on Friday, the weather bureau said, lashing the world’s largest iron ore hub with heavy rain and wind gusts up to 290 kph (180 mph). The eye of the storm crossed …

Sompo Holdings Inc., the Tokyo-based insurance holding company, announced it is restructuring its business into two global segments: Sompo Property and Casualty re/insurance (Sompo P&C), and Sompo Wellbeing, effective April 1, 2025. The simplified organization provides a resilient, innovative and …

Coca-Cola Co. and PepsiCo Inc., both government contractors, are preparing to comply with President Donald Trump’s executive order banning diversity, equity and inclusion programs, according to people familiar with the matter. Coca-Cola, which provides beverages on military bases and in …

Convex Group Ltd., the international specialty insurer and reinsurer, announced it has received in-principle approval to launch Lloyd’s Syndicate 1984, which will commence underwriting in April 2025. Convex said it has worked with its advisers Gallagher Re and Asta, which …

Mosaic Insurance has launched a combined environmental product that merges primary commercial general liability with a suite of added pollution and professional coverages. The company’s new Site Pollution & General Liability (SGL) form provides primary and excess (supported and unsupported) …

A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that much of corporate America endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in …