The race for the California Insurance Commissioner post has drawn 11 candidates covering several parties, and backgrounds that include two insurance agents, a former broker, a state legislator and a former state legislator. Addressing the state’s “insurance crisis,” which took on a bigger priority following the devastating January 2025 Los Angles Wildfires, is a loud message coming from most of the field. All candidates appear on the same ballot in the June 2 primary election, with the top two finishers advancing to the general election on Nov. 3. Related: California Commissioner Advances Proposal to Overhaul Intervenor Process Incumbent Democratic Insurance…
Author: Awais
Here is where the trouble begins, at least as Solo tells it. In or around June 2025, the agency claims EverQuote paid Google to run a sponsored ad that popped up as the very first result whenever someone searched “solo insurance.” The ad, according to the complaint, was headed “Solo Insurance?” Click it, and you were allegedly whisked away to usautoinsurancenow.com, a site offering “auto insurance quotes online” from a lineup of Solo’s competitors. The footer, Solo says, read “Copyright © EverQuote, Inc.” The landing page even nudged Missouri visitors to enter their ZIP code and “drop your rate in…
Here is where the carrier comes in. Before any work began, Embassy Cleaners alleges, the claims subsidiary met with the public adjuster and gave assurances that American Family would pay for the remediation. Taking the carrier at its word, Embassy Cleaners says it got to work – eventually cleaning and restoring 5,053 items, from clothing and linens to shoes, bags, and rugs – between February 17 and June 9, 2025. The final bill came to $111,067.03.
Schroders Capital’s Private Debt & Credit Alternatives (PDCA) team, together with global reinsurer Hannover Re, have unveiled the integration of an innovative tokenised capability into its insurance-linked securities (ILS) investment platform, which includes the execution of the first real-world collateralized reinsurance transaction through this platform.In their announcement today, Schroders stated that this “innovation has the potential to become the basis for a significant part of the future of the approximately $130 billion ILS market, by modernising how collateralized reinsurance is structured, administered and accessed.” “Through tokenisation, this new development digitises the control and flow of the assets held within the…
Last year was a much better year for the once-distressed Florida insurance market, as direct written premium rose, policyholder surplus levels climbed, and the average combined ratio for carriers improved by a stunning 22 points, Gallagher Re reported this week. Gallagher’s Florida Market Watch, crunching numbers from the National Association of Insurance Commissioners and from S&P’s Global Market Intelligence, said the overall weighted average combined ratio, a measure of profitability with lower numbers indicating a better premium to loss ratio, decreased from 104 in 2024 to just under 82 for 2025 for most carriers in the Florida market. That’s a…
When it comes to Anthropic’s Mythos as friend or foe, Chubb CEO Evan G. Greenberg said the “arms race is on.” Speaking during a conference call to discuss first quarter earnings, Greenberg told analysts Anthropic’s Mythos artificial intelligence model has lowered the threshold for vulnerability. “What were minor vulnerabilities can now be aggregated in a much more insightful way,” he said. “It’s not just that you can use this to find your own vulnerabilities.” Evan G. Greenberg Because many organizations use open-source cybersecurity, AI tools like Mythos can “find vulnerabilities maybe even before suppliers do.” But, he added, “It doesn’t…
AbstractIssue: Novel medicines hold promise for many patients, but rising costs pose growing affordability and equity challenges for health systems worldwide. In the United States, prices are typically higher than in peer countries, and increasing spending strains payers and imposes a financial burden on patients.Goal: To identify international pricing and financing strategies with potential relevance for U.S. policymakers.Methods: Literature review; case studies of Australia, Canada, England, France, Germany, and Sweden; interviews with policymakers, payer organizations, health system leaders, and researchers.Key Findings and Conclusions: Cross-cutting lessons include: 1) systematic use of health technology assessment (HTA) provides a basis for evaluating clinical…
Strong winds whipped around Doug Bartek, a fifth-generation farmer, as he headed into a grain bin to shovel soybeans onto a conveyor chute. The 60-year-old was anxious at the onset of the spring planting season, rattling off the long list of issues affecting his family’s livelihood at their 2,000-acre farm near Wahoo, Nebraska. The high cost of fuel, equipment, and fertilizer — compounded by the Iran war — and also tariffs, perceived “price gouging” by suppliers, and low soybean prices driven by a global supply glut. All of it weighs on Bartek, who is chairman of the Nebraska Soybean Association.…
Amwins and Vivere have partnered to launch a California FAIR Plan Wrap product. Developed by Vivere and distributed through Amwins, the product offers comprehensive coverage and fast quotes to the entire portfolios of California FAIR plan insureds, including commercial and dwelling risks. Related: California Wildfire Risk Bills Cruising Through Legislature The new wrap product was developed to complement the California FAIR Plan with Using only a completed California FAIR Plan application, retailers can generate quotes for an individual risk or entire portfolios of FAIR Plan insureds within minutes. For commercial risks, the product offers competitive pricing for wrap limits up…
The insurer beat analyst expectations for adjusted earnings in the first quarter. But steeper Medicaid membership losses than expected could saddle Molina with higher costs down the line.
Iran flaunted its tightened grip over the Strait of Hormuz on Thursday with video of its commandos storming a huge cargo ship, after the collapse of peace talks that Washington had hoped would open the world’s most important shipping corridor. Iranian state television broadcast footage overnight of masked troops pulling up in a grey speedboat alongside the MSC Francesca, climbing a rope ladder to a shell door in the hull and jumping through brandishing rifles. The footage, presented with an action-movie-style soundtrack and no commentary, also included views of another ship, the Epaminondas. Iran said it had captured both on…
Head of programs explains the best path forward
JetBlue has been sued in a proposed class action claiming it uses customers’ personal data to set ticket prices, after its response to a social media post raised concern that the carrier employed “surveillance pricing” to make flying more expensive. According to a complaint filed late Wednesday in Brooklyn federal court, JetBlue conceals its use of “trackers” to set prices dynamically, and shares data with third parties whose programs help it decide when to raise fares. “Consumers should not have to have their privacy rights violated to participate in [JetBlue’s] digital rat race for airline tickets which should cost the…
President Donald Trump’s administration on Wednesday moved to make it more difficult to hold companies liable when their contractors or franchisees violate federal wage laws. The U.S. Department of Labor unveiled a proposed rule that would narrow the circumstances in which a business can be considered the “joint employer” of another company’s workers under the federal law requiring a minimum wage and overtime pay. The rule is similar to one adopted by the department during Trump’s first term that business groups backed but Democratic former President Joe Biden rescinded. Easier to Comply: Secretary Acting Labor Secretary Keith Sonderling said the…