ORLANDO, Fla. (AP) — AAA won’t renew “a very small percentage” of homeowners and auto insurance policies in hurricane-wracked Florida, joining other insurers in limiting their exposure in the Sunshine State despite efforts by lawmakers to calm the volatile insurance …
NEW ORLEANS (AP) — A state-chartered bailout fund is seeking to borrow $600 million after seven Louisiana insurers went bust following 2021’s Hurricane Ida. The New Orleans Advocate, owned by the Times Picayune, reports that the Louisiana Insurance Guaranty Association …
A California bill, AB 1734, has been introduced to provide choices to policyholders when an insurance company has become insolvent and is being liquidated by the state. The legislation provides for disclosure of specific information relating to claims, the financial …