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Judge Greenlights Coverage Expansion for CA FAIR Plan | Insurify

A Los Angeles Superior Court judge ruled on Nov. 27 that California’s insurance commissioner can order the state’s home insurer of last resort to expand its home insurance offerings. It’s the second time the courts have ruled in the state’s favor on the issue. “With insurance

State Farm, Kentucky Reach $1.35M Settlement | Insurify

State Farm, the largest U.S. auto insurer by market share, and the Kentucky attorney general’s office have reached a settlement over allegations that the insurer failed to adequately inform customers about available uninsured/underinsured motorist coverages. Under the agreement, State Farm will pay $1.35 million to reimburse

Michigan Warns Car Insurers: Price Fairly or Face Penalties | Insurify

Engage in price optimization and face fines and other penalties. That’s the message from the Michigan Department of Insurance and Financial Services to insurers statewide. “When we see a failure to abide by the Insurance Code, we refer those cases for investigation and possible enforcement action,” Laura Hall, director

Connecticut Regulators Rap Insurers for Dropping Home Policies Over Roof Stains | Insurify

The Connecticut Insurance Department recently reminded homeowners insurance companies in the state that looks aren’t everything — especially when it comes to roofs. In a March 19 notice, the department warned insurance companies that they can’t use cosmetic roof conditions, like streaking or discoloration, as justification for refusing to

8 Insurers Get Greenlight to Enter Florida Home Insurance Market | Insurify

Increasingly expensive claims and litigation drove multiple insurers from Florida, but property owners now have a few more options. Eight property and casualty insurers received approval to enter the Florida market in April, the Florida Office of Insurance Regulation (OIR) shared in a news release. The insurers are Ovation Home

Louisiana Insurance Reform Allows Insurers to Raise Rates Before State Approves Hikes | Insurify

Home and auto insurers in Louisiana can now raise rates prior to approval by state regulators, thanks to a quartet of new laws designed to address the state’s ongoing insurance crisis. The bills also allow home insurers to drop up to 5% of their homeowners insurance policies in the

Texas Says Insurers Must Drop Drivers Who Obstruct Liability Claims | Insurify

Texas auto insurers can now decide when a policyholder hasn’t cooperated with the company’s investigation, settlement, or defense of a liability claim — and drop the driver when their policy comes up for renewal. After giving drivers written notice and 10 days in which to cooperate, insurers must now