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Until 1956, when the New York legislature passed their compulsory insurance law, Massachusetts was the only state in the U.S. that required drivers to get insurance before registration. North Carolina followed suit in 1957 and then in the 1960s and 1970s numerous other states passed similar compulsory insurance laws.
Freeway Insurance was founded in 1987 by Kelly Turton in Orange County, California. [7] Initially, the company’s focus was private passenger automobile insurance, [7] which was then acquired by Westline Corp., [7] which was then acquired by Confie, [8] one of the largest privately held insurance brokers in the United States [9] and a portfolio company of private equity firm ABRY Partners, in ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Average car insurance rates increased 26 percent from 2023 to 2024. ... Compared to California, New York requires more coverage and at higher limits. ... you may want to review your policy for ...
Insurance Commissioner Ricardo Lara on Wednesday defended his department’s efforts to roll out a series of rule changes this year to try and stabilize California’s insurance market as he faced ...
U.S. Rep. John Garamendi, a Bay Area Democrat who previously served as the state’s insurance commissioner, is closely watching Lara’s efforts to speed up the rate reviews.
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