State insurance commissioners and legislators play a critical role in determining the insurance premiums people pay for their home insurance.[1] Insurance companies have increased homeowners insurance premiums by an average of 24 percent from 2021 to 2024 nationwide.[2] Premium rates are rising far faster in many places across the country including in a geographically diverse […]
Americans for Financial Reform Education Fund and Public Citizen sent a letter in response to the California Department of Insurance’s Long-Term Solvency Planning Proposal, highlighting the need for insurers to comprehensively address both physical and transition risks across underwriting, investing, and operations. “Insurers need to develop climate plans that encompass both climate mitigation and climate adaptation […]