Increasingly intense wildfires have become more common in California, upending the lives of thousands. Many insurers are dwindling coverage options, leaving several homes in danger. Business Insider senior sustainability reporter Catherine Boudreau joins "The Daily Report" to discuss.Dec 13, 2024 ...
Stephen Collier, a professor of urban planning at University of California, Berkeley, said the seemingly random nature of who gets dropped and when has much to do with insurance companies’ complicated risk models. “They’re all trying to manage their exposure,” Collier said. “If you think...
and companies that did not offer coverage for over 50% of the U.S. population. We surveyed 4,000 consumers in February 2024 and excluded companies that were not identified by a sufficient number of consumers as the company they opened a policy or filed a claim with between 2019 and 2024....
Under a new insurance regulation that just got approved this week, California Insurance Commissioner Ricardo Lara said homeowners should have an easier time buying fire insurance. The insurance crisis has been unfolding in the state for the last couple of years, withcompani...
The FAIR Plan is offered through a shared market where licensed insurance companies shoulder the risk of California homeowners who do not qualify for voluntary coverage. As of September 2024, the CA FAIR Plan has $458 billion in dwelling coverage exposure — an increase of more than 61 percent...
I can't imagine leaving this company See less Insurance Type Auto + Home Score by category Original cost 5 / 5 Customer Support 5 / 5 Coverage 5 / 5 Anonymous Policyholder August 20, 2024 How does this insurer compare to insurance companies you’ve had in the past? Had for 40 ...
In our experience, companies must train the teams they have but be clear about the gen-AI-specific skills they need.We offer one more consideration. Managing the potential risks of a dozen independent gen AI models in limited use (that is, proofs of concept), which is where most of the ...
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In our experience, companies must train the teams they have but be clear about the gen-AI-specific skills they need.We offer one more consideration. Managing the potential risks of a dozen independent gen AI models in limited use (that is, proofs of concept), which is where...
CA Fair Plan approved for $1bn assessment from member companies Ultimate losses from the Palisades, Eaton and Hurst fires are estimated at $4bn. Q4 earnings roundup February 11: AIG, Intact The Insurance Insider US news team runs you through the earnings results for the day. Mercury Gener...