Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The rate on a 30-year fixed refinance decreased today. The average rate for refinancing a 30-year fixed mortgage is currently 7.44%, according to Curinos. For refinancing a 15-year mortgage, the average rate is 6.53%, … Read more
With wildfires becoming a more recurring peril for the California property insurance market, alternative capital may be available to provide coverage, including through multiple-peril alternative reinsurance capital instruments, however “pricing is likely to remain a sticking point” according to analysts at Morningstar DBRS.In a new report, Morningstar DBRS has revealed that the on-going wildfires in … Read more
Businesses of all types face a growing list of risks, and technology companies are no exception. In fact, tech company risks are often more complex — not to mention rapidly evolving — due to the nature of the industry. Tech companies are at the forefront of innovation, transforming how we live, work, and connect. But … Read more
California Insurance Commissioner Ricardo Lara expanded emergency insurance protections for Southern California homeowners, adding new ZIP Codes to those already under a mandatory one-year moratorium on insurance non-renewals and cancellations. The expanded order shields those within the perimeters or adjoining ZIP Codes of the Palisades, Eaton, Hurst, Lidia, Sunset and Woodley fires in Los Angeles … Read more
By Michael Menapace, Esq., Wiggin and Dana LLP When I first wrote here about insurance coverage related to cryptocurrency theft, I discussed whether these digital assets were securities (as suggested by the SEC) or property (as suggested by the IRS) and how that might impact insurance coverage under a typical homeowners policy. I also discussed whether … Read more
