Premier Insights
Sharing on Social Media Could Drive Up Your Insurance
As insurers start to look to add social media to the data they review before issuing policies, you may want to think twice before posting to Facebook. Sharing social media posts that include risky behavior such as rock climbing or drinking at happy hour could end up increasing your life
Premium Costs Will Rise as Climate Changes, Insurer Warns
The world’s largest reinsurance firm, Munich Re, is sounding the alarm that changes to the climate could make insurance too expensive for many people. Munich Re blamed global warming for the more than $20 billion of losses that have occurred in California wildfires the past two years, saying decades of
California Looks to Toughen New Data Privacy Law
California consumers could gain even more power to sue companies for misusing their personal data under new bills introduced in the state legislature. Set to go into effect in 2020, the California Consumer Privacy Act (CCPA) is considered the nation’s most far-reaching data privacy law. Under the CCPA, consumers will
L.A. Underwater? Experts Warn of Catastrophic Mega-Flood Event
Catastrophic flooding could impact as many as 1 million people in the Los Angeles region, causing water infrastructure such as dams to fail, according to a Los Angeles Times report. Called an ARkStorm, the mega flood event could last for weeks and cause damage up to $725 billion statewide. Current
Homeowners See Rising Rates, Policies Canceled After Devastating California Wildfires
The devastating wildfires in California last year are putting more homeowners in harm’s way as insurers are raising rates and canceling the coverage of some customers. Insurer AAA has announced it will not renew less than 1 percent of its current homeowners’ policies but will try to help place coverage
Can You Spot the Phishing Emails? Google Wants You To
Phishing scams are one of the most common forms of cyber attack, sent by hackers hoping to trick recipients into clicking a link to a fake website and stealing your password. One percent of emails sent today are phishing attempts, according to Google. Now you can test yourself to see
New App Could Warn LA Before the Shaking Starts
Angelenos could get precious seconds — perhaps even tens of seconds — before shaking from a distant earthquake arrives thanks to a new early warning app. The ShakeAlertLA app created by the City of Los Angeles, launched earlier this month, is built on the U.S. Geological Survey’s earthquake early warning
California Eliminates Gender When Setting Auto Insurance Rates
Earlier this month, California became the newest state to ban the use of a person’s sex when setting car insurance risk factors. Gender had been an optional criterion for insurers until the start of 2019. This change could alter rates for a vast number of drivers across the Golden State.
Should California Rebuild Knowing Homes Will Burn Again?
Wildfires sweeping over sun-drenched, brush-covered landscapes of California is nothing new, but 2018 could be a particularly devastating year. As a result of the 2018 fires, AccuWeather estimates the total economic loss to the Golden State could reach $400 billion. That figure includes loss of property, taxes, jobs, businesses and more. In
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