California signs heat wave ranking and early warning system law

Heat wave - City
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Signing AB 2238 is labeling the state as a world leader in efforts for protection against climate change effects. California Governor Gavin Newsom has signed Assembly Bill 2238 into law, creating the first statewide heat wave ranking and early warning system to help state residents to prepare. AB 2238 was sponsored by Insurance Commissioner Ricardo Lara to help protect Californians. The bill was co-authored by Assemblymembers Luz Rivas, Eduardo Garcia, and Cristina Garcia. It will create the first statewide ranking and early warning system in the country for heat waves…

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State Farm home insurance and ADT partner up for loss prevention and detection

Home insurance - ADT - Home Security

The insurer recently announced an investment of $1.2 billion into the security company. State Farm recently announced that it has invested $1.2 billion into the ADT Inc security company, for approximately 15 percent equity and a move to support new home insurance advancements. The partnership between the two companies allows the insurer to imagine new forms of coverage. By working with ADT security, State Farm will be looking into ways to innovate the home insurance experience. This could include new applications for Smart Home technology to be applied to property…

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Will this season underscore the importance of hurricane insurance

Hurricane insurance - Hurricane Ahead Sign in water

This weekend presents a reminder of the importance of obtaining coverage before storms happen. Hurricane insurance is once again in the spotlight as the upcoming long weekend is expected to include the naming of two Atlantic storms as the season approaches its peak. This serves as a reminder of how important it is to have the right coverage in place at this time of year. This season has seemed exceptionally quiet, without a named storm having occurred by the start of September. That said, it is far from over and…

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Tennessee parents issued tips for auto insurance as teen drivers return to school

Auto Insurance - Teen holding keys in car

The TDCI has published a list of guidance to help parents navigate the industry for their kids. The Tennessee Department of Commerce and Insurance (TDCI) has published a list of helpful auto insurance tips to help parents shopping on behalf of their teen driver kids during back-to-school season. The goal is to ensure that the right back-to-school coverage will be found at the best price. “As the parent of three young children, I know the back-to-school season can be hectic for students, parents, and educators alike,” said Carter Lawrence, TDCI…

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USAA and Human API collaborate on new life insurance shopping experience

Life insurance - Shopping Cart

The insurer announced that it would be working with the health data platform to change the buying process. USAA Life Insurance Company has announced that it will be partnering with Human API to take its next step forward in the experience it provides consumers seeking coverage. The insurer and health data platform will come together to recreate the policy shopping process. The new collaboration will bring together the USAA Life insurance experience with digital health data and the health data platform from Human API. The goal is to use the…

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DataStream cyber insurance expands into Canada

Cyber insurance - Canada

The California-based broker has announced that it is undergoing an international expansion northward. DataStream Cyber Insurance, a California based broker, has announced that it is now expanding its business out of the United States and into Canada. The broker provides comprehensive digital coverage specifically for small and medium businesses. The cyber insurance broker company provides coverage to small and medium businesses (SMBs). It also offers those SMBs full assessments, data analyses of risk outlined in financial terms, and client training. The broker represents more than 30 carriers. For the company’s…

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California Wildfire insurance expansion act passes House

Wildfire insurance - Laws - Signing

HR 8483 has now passed the House and will require studies by FEMA and the GAO. House Committee on Financial Services Chair Rep Maxine Waters (D) has announced that “The Wildfire Response and Drought Resiliency Act” has passed the House, including her bill HR 8483, “The Wildfire Insurance Coverage Study Act of 2022”. The next step will involve studies to provide assessments regarding the rising danger of the blazes. HR 8483 will require that the Federal Emergency Management Agency (FEMA) and the Government Accountability Office (GAO) conduct assessment studies to…

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