Property and Casualty News

The collapse of Prospect Medical, a for-profit hospital chain plundered by private equity and the company's management, has generated a painful litany of woes. Amid a debt-fueled acquisition spree that saw the small California company grow to 17 hospitals in six states, Prospect was repeatedly cited for dangerous medical care, poor infection control and…

That principle is at the heart of the Driving Change legislation our office is championing in Springfield, which would move Illinois toward a fairer, more affordable system that prioritizes what should matter most: a driver's record behind the wheel. This proposal is part of Senate Bill 1486, which also aims to rein in the surging cost of homeowners' insurance…

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Amherst National Insurance Company, formerly known as Jet Insurance Company. At the same time, AM Best has affirmed the FSR of A- and Long-Term ICR of“ a-” of Amherst Specialty Insurance Company.

Colorado insurance premiums have risen 65% in 5 years. Colorado lawmakers want to impose a per-policy fee on home insurance providers to raise $20 million a year for a program that would provide grants to homeowners to protect their properties against hail. The hope is that the program will protect enough Colorado homes against hail that insurance rates will…

—Legal watchdog groups are accusing New York trial lawyers of funneling millions of dollars into democratic lawmakers’ political campaigns in an effort to stall Gov. The American Tort Reform Association said the New York State Trial Lawyers Association contributed nearly $6.5 million to state lawmakers between 2022 and 2025, including sizable…

The property/casualty operating subsidiaries of Fortegra include Lyndon Southern Insurance Company; Insurance Company of the South; Response Indemnity Company of California; Blue Ridge Indemnity Company; Fortegra Specialty Insurance Company; and Fortegra Europe Insurance Company SE. Furthermore, AM Best has maintained the under review with positive…

Ke Zhang of Astrus Insurance Solutions was selected as a recipient of the Business Insurance 2026 Break Out Awards. According to Business Insurance, the Break Out Award winners are professionals in the commercial insurance and risk management sectors with no more than 15 years of industry experience who possess exceptional leadership, expertise and…

Part of Governor's Efforts To Combat the High Cost of Auto Insurance by Tackling Fraud, Waste and Abuse: New York State Second in Nation For Staged Crashes. Governor Kathy Hochul today announced that the New York State Police and Department of Financial Services will partner to crack down on insurance fraud by hosting a specialized training to further…

Colorado Democrats are reviving a proposal to levy a new fee on home insurance companies, with the aim of distributing grants to fund "resilient" roofing. Kyle Mullica, D- Thornton, Senate Bill 155 creates a government "enterprise," which would collect a 0.5% fee of the total premium collected by an insurer on what's called "multiperil" homeowners' insurance policies.

As insurers hike rates and cancel policies for thousands of homeowners across California, a new state report has proposed a series of reforms to prevent the property insurance market from cratering amid increasingly catastrophic wildfires- but some consumer advocates say it doesn "t go far enough. Officials with the California Earthquake Authority, the…

After a failed effort last session, Colorado lawmakers are making another attempt at bringing down the cost of homeowners insurance. That makes Colorado one of the top-10 most expensive states in the country for homeowners insurance. Since 1980, Colorado has had more than 76 weather-related disasters– including fires, storms, hail and floods that each caused…

The following information was released by the Colorado Senate Democrats:. DENVER, CO Today Senator Kyle Mullica, D- Thornton, Speaker Julie McCluskie, D- Dillon, and Representative Kyle Brown, D- Louisville, highlighted new legislation to stabilize Colorado's homeowners insurance market and make property insurance more affordable through the creation of a…

The following information was released by the office of the Mayor of Philadelphia:. James P. Leonard, Esquire Department of Records. Buying a home is probably the biggest purchase you'll ever make.

That principle is at the heart of the "Driving Change" legislation our office is championing in Springfield, which would move Illinois toward a fairer, more affordable system that prioritizes what should matter most— a driver’ s record behind the wheel.This proposal is part of a that also aims to rein in the surging cost of homeowners insurance in Illinois.

State lawmakers on Monday received an update on Hawaii’ s efforts to stabilize its strained property insurance market, with officials pointing to early gains from the Hawaii Hurricane Relief Fund and warning of upcoming changes that could expand flood insurance requirements on Oahu. The joint informational briefing held by the House and Senate committees…

kWh Analytics, a leader in underwriting the energy transition through its licensed insurance subsidiary, Solar Energy Insurance Services, today announced a data-sharing pilot program to reward renewable energy assets for extreme weather mitigation efforts. kWh Analytics is expanding its risk modeling capabilities by leveraging data from solar…

American Integrity Insurance Group, Inc., a Tampa- based property and casualty insurance holding company and one of Florida’ s leading providers of residential property insurance, today announced the appointment of Brian Foley as Chief Financial Officer, effective April 6, 2026. Mr. Foley succeeds Ben Lurie, who will transition to a consulting role and…

Jeffery Evans of Harbor Group Consulting, an Alliant Insurance Services company, was selected as a recipient of the Business Insurance 2026 Break Out Awards. Evans serves as Vice President, Director, of Harbor Group Consulting, where he leverages his expertise in commercial real estate insurance and risk management to effectively navigate lenders and…

Few statewide elections stand to matter more this year than the race for insurance commissioner— the primary official tasked with stemming a wildfire-stoked home insurance crisis that has sent rates soaring across California. "We are now in an era where it really matters who the insurance commissioner is," said Amy Bach, executive director of United…