The Tisch family just appointed its third generation of CEO at $18.5 billion Loews Corporation—he’s pledging to focus on one job
The Tisch family count the New York Giants and Loews Corporation as among their interests. Read More Source link
Tag: insurance
California’s FAIR Plan Gets $1 Billion Bailout After L.A. Fires
California’s home insurance plan of last resort, designed for people who can’t get coverage on the private market, does not ...
California’s insurer of last resort has potential exposure to LA wildfires of nearly $5 billion and reinsurance of $5.78 billion
"The FAIR Plan, a not-for-profit catastrophe insurer, has the payment mechanisms in place to ensure all covered claims will be ...
Climate disasters hit Black communities disproportionately hard. ‘Bluelining’ doesn’t help
Racial inequality in home insurance looks poised to deepen, but some simple steps could improve matters. Read More Source link
What this tech founder wishes he knew when his house burned down: ‘Time is the most valuable thing’
'You need to not lose three years of your life because a bad thing happened,' says Matt Watson, founder and ...
How to inventory your property for insurance claims
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Texas Sues Allstate Over Its Collection of Driver Data
The State of Texas sued Allstate on Monday, accusing the insurer of illegally tracking drivers by way of their phones ...
Just before wildfires hit, California told insurers to cover homes in risky areas. In return, they can pass on a key cost to customers
Insurers can incorporate reinsurance costs in their calculations for what they will charge consumers. Read More Source link
California Wildfires Lay Bare an Insurance Crisis
Who pays? The ferocious wildfires that have burned throughout the Los Angeles area continued to rage overnight, consuming an area ...
Three-fourths of homeowners may not have enough insurance to fully cover losses after a disaster, study says
"When consumers focus on premiums rather than coverage limits, insurers have a very natural incentive to cut prices by offering ...
Two families lost their homes to the LA wildfires: One isn’t sure if it can or should rebuild, while another is already planning to
A family in Altadena doesn’t know how much insurance will cover. Another one in Pacific Palisades has contacted a builder. ...
The Costs of the Los Angeles Fires
A devastating tollMore of the Los Angeles area is ablaze on Thursday, after a new wildfire in the Hollywood Hills ...
Allstate’s CIO is leaning on gen AI to make insurance policy coverage and claims requests more effective
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California will require home insurers to expand coverage in wildfire-prone areas after top carriers stopped offering new policies
In exchange for increasing coverage, insurers will be able to consider climate change when setting their prices. Read More Source link
Mangione charged with ‘act of terrorism’ in UnitedHealthcare CEO killing
Luigi Mangione, the 26-year-old accused of fatally shooting United Healthcare CEO Brian Thompson in New York earlier this month, has ...
How UnitedHealthcare and mega-insurers came to dominate the $4.5 trillion health care industry that Americans both hate and rely upon
The vitriol following the killing of UHC CEO Brian Thompson exposed Americans' rage about their health care system. How justified ...
Leaked video shows UnitedHealth CEO defending practices that prevent ‘unnecessary’ care
CEO Andrew Witty said his management team was acting in the interest of all stakeholders by staving off an implied ...
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