News Archives

09Sep

Farmers Insurance Laying Off 11% of Workforce, Citing Industry Challenges

Farmers Insurance announced it will part ways with approximately 2,400 employees – 11% of its workforce across all lines of business. “Decisions like these are never easy, and we are committed to doing our best…

09Sep

By Richard

Insurance, News

Appeals Court Dismisses 14 COVID Business Insurance Claims Against Travelers

The Ninth Circuit Court of Appeals has dismissed lawsuits by 14 businesses seeking insurance coverage from Travelers Insurance for business losses stemming from COVID-19 and the related government shutdown orders. The federal appeals court affirmed…

09Sep

By Richard

Insurance, News

California Insurers’ Inability to Price Risk Is Causing Headaches

California regulations restrict insurers from using sophisticated computer models to consider the rapidly growing wildfire risks from climate change — and that limitation is a factor pushing US insurers out of the state. State Farm…

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