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Latest News & Analysis
What California's insurance commissioner race means for brokers in the nation's toughest market
Two Democrats. Two very different visions
FAIR Plan rate hike adds to California homeowners insurance strain
A 29.1% FAIR Plan increase and an unresolved wildfire liability dispute are squeezing California's already-restricted market
California Court Rules Policyholders Can Sue Excess Insurers Before Lower Coverage Exhausted
Court eliminates exhaustion requirement for declaratory relief and bad faith claims, allowing insureds to pursue all layers of coverage simultaneously in disputes over layered insurance programs. The post California Court Rules Policyholders Can Sue Excess Insurers Before Lower Coverage Exhausted appeared first on Risk & Insurance.
AM Best Upgrades Ratings of California Casualty Group Members
AM Best upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Ratings to “bbb-” (Good) from “bb+” (Fair) of The California Casualty Indemnity Exchange in Palo Alto, California. The upgrade includes its wholly …