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The Nonadmitted and Reinsurance Reform Act of 2010 is a United States law regulating the sale of insurance in states where the insurer is usually not authorized to sell insurance. It prevents states other than the home state of a U.S. insurance company from imposing regulations or taxes on the sale of nonadmitted insurance.
Insurance, generally, is a contract in which the insurer agrees to compensate or indemnify another party (the insured, the policyholder or a beneficiary) for specified loss or damage to a specified thing (e.g., an item, property or life) from certain perils or risks in exchange for a fee (the insurance premium). [2]
Reciprocal inter-insurance exchange. A reciprocal inter-insurance exchange or simply a reciprocal in the United States is an unincorporated association in which subscribers exchange insurance policies to pool and spread risk. For consumers, reciprocal exchanges often offer similar policies to those offered by a stock company or a mutual ...
From 2000 to 2010 the U.S. had a surplus of 4.6 million housing units, while in the following decade there was a shortage of 1.3 million fewer units than population growth would demand.
California's government surplus is expected to balloon to $97.5-billion by next summer under the budget plan unveiled Friday by Gov. Gavin Newsom, an estimate that vastly exceeds previous ...
July 12, 2024 at 8:28 PM. Allstate, one of California’s largest insurers, wants to raise its homeowners’ rates by an average of 34%, which could be the largest increase this year. The rate ...
J. B. Pritzker on the economy of Illinois. Recorded March 2, 2022. Jay Robert "JB" Pritzker (born January 19, 1965) is an American businessman, politician, philanthropist, and attorney, serving since 2019 as the 43rd governor of Illinois. [ 1] Pritzker is a member of the wealthy Pritzker family that owns the Hyatt hotel chain. [ 2]
A difference in conditions policy is an insurance policy that can help provide additional and expanded coverage for your home or business if you live in a region that sees regular disasters ...