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Florida urged to reject State Farm rate hike request

Florida’s consumer advocate is recommending state regulators deny a rate increase request from insurer State Farm.

State Farm Florida is requesting a 47.1% average rate increase across the state for its one million homeowners policies.

A draft report written by Steven Alexander, an actuary working for the consumer

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Fair value rules still fail brokers and consumers alike

Four-and-a-half years after the Financial Conduct Authority’s fair value rules arrived, Branko Bjelobaba, principal of compliance consultancy Branko Ltd, argues inconsistent data and vague metrics still make it difficult for brokers and consumers to compare insurance products properly.

Pride exposes prejudice LGBTQ+ individuals face in insurance

Editor’s View: LGBTQ+ network Link’s latest survey shows many insurance professionals still feel pressure to hide parts of themselves at work, which Emma Ann Hughes argues highlights the need for insurers to move beyond Pride branding and ‘pinkwashing’ to build actually inclusive cultures.

FCA’s Reynolds outlines insurance priorities

Graeme Reynolds, director of competition and interim director of insurance at the Financial Conduct Authority, takes centre stage in the latest Insurance Post Podcast, setting out the regulator’s key priorities for the market.

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