December 6, 2024 CARSON CITY, NV] — The Nevada Division of Insurance (Division) is pleased to announce the approval and filing of Proposed Regulation R109-23- Annuity Suitability and Best Interest Standard. Adopted by Insurance Commissioner Scott Kipper on September 4, 2024, the regulation was subsequently approved by the Legislative Commission and filed with the Nevada […]

October 17, 2024 Helena, Mont.—Troy Downing, the Montana Commissioner of Securities and Insurance (CSI), is pleased to report that State Farm Mutual Automobile Insurance Co. (State Farm) has reviewed an additional 18,000 claims after being fined $4 million in a CSI administrative action for unfair claims settlement practices. These reviews resulted in an additional $5.2

December 3, 2024 Phoenix, AZ – Arizona Department of Insurance and Financial Institutions (DIFI) Director Barbara D. Richardson has established the Resiliency and Mitigation Council (Council) to investigate the availability and affordability of personal homeowners insurance in forested areas and wildland-urban interface (WUI) areas of Arizona.  The Department is aware of the difficulties that Arizona

September 10, 2024 September is considered the peak of hurricane activity, but it’s important to remember hurricane season runs through November. The Texas Department of Insurance (TDI) urges consumers to stay prepared and monitor conditions along the Gulf Coast. Severe weather can develop quickly. Take steps to protect your family and property by preparing before

November 21, 2024 Commissioner Lara invites public input on latest major step to expand insurance coverage in California SACRAMENTO, Calif. — Insurance Commissioner Ricardo Lara invited public input on a proposal to increase the writing of insurance in parts of the state most affected by wildfires and other extreme weather catastrophes. The public notice outlines

Extremely  Important:  It is extremely important for many professionals who work in construction and development to have contractor insurance. Builders, developers, trade and artisan contractors that perform processes such as carpentry, plumbing, masonry, electrical, concrete, roofing, HVAC, as well as general contractors depend on contractors insurance. The protection provided by insurance has saved many contractors

In the event of an accident, an auto insurance policy for your business could help pay for vehicle repairs or medical bills for a driver. The deductibles and limits of your policy will apply to claims covered by your policy. You should talk to your Safepro Insurance Services Business Insurance agent about coverage availability and requirements in

Owners and Contractors’ Protective Liability Coverage – offers protection against liability for bodily injury resulting from the work of independent contractors hired by a named insured. The contractor purchases the policy to protect the client (project owner) from vicarious liability in connection with work performed on the project. As part of its oversight of the

Contractors performing work on or around railroad tracks, railroad right-of-ways, or railroad property are required to have Railroad Protective Liability insurance. Contractors are also offered this coverage in addition to other types of insurance required of contractors. Due to the fact that this coverage is not included in commercial general liability (it’s excluded), it is

In case your car is totaled or stolen and you owe more than the depreciated value of the vehicle, gap insurance helps pay off your auto loan. A loan-or-lease gap policy is also known as gap insurance. In this case, the insurance coverage applies only to the original borrower or lessee of a new car.