Property and Casualty News

AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of United States Liability Insurance Company and its subsidiaries: Mount Vernon Fire Insurance Company; U.S. Underwriters Insurance Company; Mount Vernon Specialty Insurance Company; and Radnor Specialty Insurance Company. All companies are domiciled in…

Governor Greg Abbott today directed the Texas Department of Insurance to take several actions that put consumers first and make property and casualty insurance more affordable for Texans who invest in their homes. "The average annual homeowners' insurance premium in Texas has risen 79 percent in six years," said Governor Abbott. Today I direct the Texas…

First American Exchange Company, a Qualified Intermediary providing a comprehensive suite of 1031 exchange services and a subsidiary of First American Title Insurance Company, today announced the launch of The 1031 Brief™ podcast. Hosted by Ashley Stefan, divisional counsel for First American Exchange Company and a leading voice in the 1031 exchange…

The following information was released by the Nevada Department of Business and Industry:. More than 90,000 Washoe County residents are displaced, as the Hawk Fire continues to endanger families and homes near Peavine Peak and the Somersett area. Commissioner Ned Gaines and the Division are monitoring the fires behaviors, evacuation orders, and impacted…

The following information was released by the National Association of Insurance Commissioners:. On Aug. 1114, National Association of Insurance Commissioners Members gathered in Columbus, Ohio, for the organization's 2026 Summer National Meeting, where they continued addressing the regulatory opportunities and challenges of the modern insurance…

You started a side hustle from home. Engaged in some gig work in the garage, merch-making from the basement, or another home-based enterprise? And around 19 million U.S. businesses operate out of the owners' homes.

The following information was released by the office of the Governor of Texas:. Governor Greg Abbott today directed the Texas Department of Insurance to take several actions that put consumers first and make property and casualty insurance more affordable for Texans who invest in their homes. The average annual homeowners insurance premium in Texas has…

Aug. 23— Soon after the Plains Township zoning/hearing board allowed an Allentown- based music promoter to host a concert at Pocono Downs, tickets went on sale. The promoter was mandated to have one security officer per 100 concert-goers and have a $1 million umbrella liability insurance policy to protect Plains Township from any liability related to personal…

How different types of auto insurance coverage compare. Choosing the right auto insurance is important for many reasons. To compare the different types of auto insurance and help you choose the best one for your needs, explore this guide from AAA Central Penn.

AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Jet Insurance Company. Jet’ s predecessor was acquired by Amherst Specialty Insurance Company on Dec. 15, 2025. As part of the transaction, Jet’s management team formed Apex Insurance Company, which was renamed Jet Insurance Company, and completed a loss portfolio…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of OneNexus Oklahoma Captive Corp.. In 2023, OneNexus began providing contractual liability insurance policies for its direct parent, OneNexus, LLC. OneNexus, LLC enters into agreements with energy companies to cover costs associated with decommissioning…

If you visit the Sacramento County courthouse, chances are you will see at least one member of the Padilla family in a freshly-pressed suit, watching arraignment court. It’ s a legacy that might come to a screeching halt in light of a new California Supreme Court decision that mandates judges set bail at an amount that is“ reasonably attainable” for defendants.

State Farm is shelling out $5 billion in payments to its auto insurance customers. Each payout is based upon a percentage— ranging from 4% to 10%— of the premium paid for qualifying policies in 2025, according to State Farm. State Farm is a mutual insurance company, which means it's made up of members, instead of shareholders. "

The Michigan Department of Insurance and Financial Services joined 48 state financial regulatory agencies in reaching a $15.5 million settlement with mortgage servicer NewRez for improperly imposing "force-placed" insurance costs on borrowers who already had active homeowners insurance policies. Under the terms of the settlement, Fort Washington,…

The honor is the latest among 10 awards Openly has earned in 2026, including three sole- category product wins and individual recognition for a member of its claims team. The PropTech Breakthrough Awards, now in their fifth year, are part of the Tech Breakthrough platform and evaluate property technology companies, products, and services from around the world.

As Washington state reels from a devastating wildfire that destroyed hundreds of homes in Spokane, experts say the disaster has cast newfound uncertainty over a property insurance market that had just begun to stabilize. In some places, such as California, those trends have triggered a full-blown crisis, with private companies abandoning disaster-prone…

Your personal car insurance covers a rental car on a U.S. vacation with the same liability, collision and comprehensive coverage you already carry on your own vehicle. That is one reason just 10% of renters buy insurance at the rental counter, according to a July 2024 Consumer Reports survey of more than 6,000 members. That protection carries the same deductible…