California Rep. Adam Schiff, D- Burbank, introduced new federal legislation on Wednesday aimed at stabilizing the insurance market after multiple companies announced their departure from various markets nationwide. The Incorporating National Support for Unprecedented Risks and Emergencies Act, also known as the INSURE Act, aims to solve the problem through federal reinsurance. The proposed act […]
Insurers pulling back from an increasingly risky California market grabbed the attention of Insurance Journal readers this year. This was the subject of