American Property Casualty Insurance Association News

Lawmakers: Insurance Disputes Slow Louisiana Storm Recovery

BATON ROUGE, La. — Southwest Louisiana lawmakers Wednesday criticized the insurance industry’s handling of claims from Hurricanes Laura and Delta, describing slow responses, low-balled damage estimates and drones used to assess destruction instead of people. “We’re almost four months ago …

California Governor Expands Workers’ Comp Coverage in Virus Cases

SACRAMENTO, Calif. — Gov. Gavin Newsom on Wednesday signed an executive order allowing employees across California’s economy to apply for worker’s compensation if they contract the coronavirus, with a presumption that it was work-related unless employers can prove otherwise. The …

Chubb CEO Warns Retroactive Measures Would ‘Bankrupt’ Industry

Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. “The insurance industry is a fundamental part of the economic plumbing of this country,” Greenberg said in …

Monthly Loss of $431 Billion Spurs Insurance Claims Across U.S.

Barbara Snowden dreamed of opening a wig shop to help women who’d lost their hair during chemotherapy feel better as they battled cancer. In November, she beamed at the grand opening of Hair Goals Club in the Houston suburb of …

California Bill Bars Insurers From Declining Fire Coverage

SACRAMENTO, Calif. — Amid mounting cries of California homeowners being denied wildfire insurance in high-risk areas, lawmakers want to require insurance companies to cover all existing homes, as long as they meet new safety standards. The measure, coming after years …

California Insurers Drop Policies in High-Fire Risk Areas

SACRAMENTO, Calif. — New California data shows insurance companies declined to renew nearly 350,000 home insurance policies in areas at high risk for wildfire since the state began collecting data in 2015. The data released this week did not say …