Editors' picks for the week include a top House Democrat pushing back against the idea that there is no chance to reform the national flood insurance program, and State Farm and Travelers increasing rates on homeowners policies.
Top House insurance Democrat rebuffs claim that flood program reform is 'dead'
As Democrats take control of the House of Representatives, Rep. Emanuel Cleaver said the chances of pushing through a reform of the National Flood Insurance Program are far higher than they were under Republicans in the last congressional session.
Despite capital competition, reinsurance pricing not soft, says industry veteran
Nearly two decades after selling a major reinsurance company, a well-known industry veteran is launching a new brokerage at a time when the entire sector faces disruption on multiple fronts.
Amid insurtech buzz, low-cost home hardening measures remain valuable
Although excitement over insurance technology has been rising, simple low-cost mitigation measures can be just as valuable in preventing damage to homes when disasters strike.
State Farm, Travelers boost rates on homeowners policies in November 2018
What appears to be the most significant rate hike approved nationwide in November 2018 could generate a positive premium impact of $29.0 million for one State Farm Mutual Automobile Insurance Co. subsidiary, according to an S&P Global Market Intelligence analysis.