Jean Eaglesham

State insurance officials are seeking the power to suspend State Farm’s license to operate in California for up to a year, as well as millions of dollars in damages, the highest penalty this century after a wildfire. New from @jeaneaglesham and me --

My latest with @jeaneaglesham looks at the California home-insurance crisis that has led to eye-watering rate increases, rejected claims and growing pressure on the insurer of last resort, the FAIR Plan:

The stark contrast between near-record profits and sharp rate hikes has put the home- and auto-insurance industry in the regulatory firing line on.wsj.com/3NYxy32

Make Money Not War: Trump’s Real Plan for Peace in Ukraine w/@drewhinshaw @JoeWSJ @benoitfaucon @tggrove wsj.com/world/russia/r…

The Lloyd’s insurance marketplace is no longer a bastion of white, male privilege. Or so the white men running it say. A yearslong fight to change its culture now appears imperiled. on.wsj.com/3XYh3FW

Scoop: AIG Withdrew Executive Hire After Inquiry Into Alleged Inappropriate Workplace Relationship wsj.com/business/aig-w…

American International Group said its incoming president, John Neal, will no longer be joining the insurance giant “due to personal circumstances” on.wsj.com/4i1jxfX

Many life-insurance policies allow terminally ill people to cash in part of their coverage while still alive. Convincing insurers to pay out, however, can be tough. on.wsj.com/3H1fx0U

California’s insurer of last resort leaves L.A. wildfire homeowners fuming wsj.com/finance/califo… via @WSJ

State Farm aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies last year, adding to California’s home-insurance crisis on.wsj.com/3Q7BZ9H

A large chunk of the cost of rebuilding after the Los Angeles wildfires is likely to shift to insurance customers throughout California, under a little-noticed regulatory rule change wsj.com/finance/insure…

Los Angeles Fire Damage Likely to Be Costliest in U.S. History wsj.com/us-news/los-an…

The economic toll of the deadly California fires could prove a serious blow to a home-insurance market already mired in crisis wsj.com/finance/califo… via @WSJ

Higher home-insurance rates are here to stay, while homeowners in many areas face an increasing risk of nonrenewals, reduced coverage and expensive policy conditions wsj.com/finance/homeow… via @WSJ

Car-Insurance Rate Increases Were Easing Up. Then Came the Hurricanes. wsj.com/finance/car-in…

Sobering look at the #expandingbullseye driving losses in floodable zones: “Nationally, 290,000 new properties were built in high-risk flood areas from 2019 through 2023, almost one in five of the 1.6 million built in total in that period, the First Street analysis found.” Sadly the same picture worldwide. See below. 1/2

One reason losses from hurricanes keep rising: Americans build in high-risk areas. And Florida leads the nation in building in places vulnerable to flooding. wsj.com/finance/bankin… via @WSJ

Insurers have suffered big climate-related losses. While most have cut their exposure to fossil fuels, two big ones are bucking the trend. on.wsj.com/47HoANq

@_ShiraCohen hi Shira - please email, jean.eaglesham@wsj.com

@jeaneaglesham Hi Jean. Today West Monroe published its Insurance M&A research on the future of dealmaking, AI, tech investments +more. All respondents are planning to do deals in the next 12-24 months, and nearly 15% intend to complete 5+. What is the best way to send you the full research?

An Israeli AI startup sparked a global scandal that is roiling the insurance industry and worrying investors wsj.com/articles/israe…

@jeaneaglesham with @WSJ nailed it in her outstanding article on the large & growing gap between flood risk & flood insurance coverage in the U.S. & as I'm quoted “If your driver’s license says Florida, you’d better buy flood insurance.” bit.ly/4cVVbA8 #Florida #flooding