SAN FRANCISCO (AP) — Pacific Gas & Electric asked regulators Wednesday to grant a $3.6 billion rate hike to help it pay for hardening its power systems to prevent deadly wildfires. The nation’s largest electric utility requested the hike beginning …
Travelers Cos. is strengthening its wildfire-defense efforts after deadly blazes swept through California last year. The insurer is adding a service to all of its California home and landlord policies, helping customers prepare their property for a fire by different …
Premiums for almost all of Louisiana Citizens Property Insurance Corp.’s commercial customers will increase an average of 2.3 percent beginning in February, under a proposed rate filing. But the 307 customers whose properties lie below the Gulf Intracoastal Waterway will …
Expanding regulatory risks, rate increases and emerging exposures from social media highlight a myriad of current issues facing the management liability and professional lines market, according to a recent survey by global specialty insurer Torus. The survey findings indicate that …
Florida’s largest insurer of homes and businesses, state-backed Citizens Property Insurance Corp., will ask its board to approve a staggering rate increase for providing coverage on sinkhole policies, a company spokeswoman said Monday. The company will ask its board Wednesday …