Risk Management

The figures are from the NAIC's 35th annual State Insurance Department Resources Report.

The Golden State is concurrently experiencing a drought emergency and a flood emergency.

The elimination of one-way fee shifting will impact many first-party claims brought by homeowners that involve amounts less than $50,000.

A common scam has evolved from stealing money from companies to taking actual products that they produce or sell.

Impacted vehicle owners are facing higher premiums and longer repair times.

Risk factors for the insurance industry are constantly changing and the PC360 team will be monitoring these issues throughout 2023.

While home insurance typically excludes damage from floods and mudslides, Californians might be covered if wildfires were an 'efficient proximate cause.'

Artificial intelligence will help insurers effectively manage costs, improve customer service and identify insurance fraud.