Property and Casualty News

While Hurricane Melissa caused extensive damage in Jamaica as the third most intense Atlantic basin storm on record— a Melissa gust above the ocean was reported at just over 250 mph— the storm system's U.S. impact was limited mostly to localized flooding, including in Connecticut. Travelers had the biggest book of homeowners insurance in Connecticut in 2024,…

State Farm Mutual Automobile Insurance Company CEO Jon Farney wrote Pritzker on Wednesday to push against legislation aimed at reining in insurance premium price hikes— a measure Farney said would“ destroy Illinois’ current healthy insurance market.” Pritzker and other Springfield Democrats have been seeking a legislative remedy to State Farm insurance…

2026 JAN 23– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ EVERY DAY, A DAY TO DO RIGHT” by Cedric DeLaCruz The Hartford Financial Services Group, Inc., representing Hartford Fire Insurance Company. The registrar…

Kathy Hochul is pledging to crack down on auto insurance fraud, including "runaway litigation" and staged accidents, that state officials say drive up rates for drivers. The governor also said she plans to take action against New York drivers who illegally register their vehicles in other states, which she said artificially decreases their coverage and raises…

The National Flood Insurance Program is facing another funding freeze that could leave millions of high-risk properties in limbo or uninsured, including in North Carolina. Unless reauthorized or amended by Congress, NFIP cannot issue or renew policies, potentially stalling tens of thousands of home closings each month, experts warn. "It's my hope that…

With her final 30- day legislative session underway at the Roundhouse, Lujan Grisham described New Mexico's current medical malpractice system as broken and said she's prepared to go to the mat to ensure changes are made. "I am not leaving this job— and there's a looming expiration date— without medical malpractice reform," Lujan Grisham told the Journal in an…

Congressman MikeFlood releaseda statement following the FinancialServices Committee's passage of the bipartisan' TRIA Program Reauthorization Act of 2026.' Congressman Flood is the original sponsor of the bill, which extends authorization of the Terrorism Risk Insurance Program through 2034. Congressman Andrew Garbarino, Congressman…

First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, today announced the company now offers its customers a free property title monitoring and fraud alert service, providing an important layer of protection for homeowners amid rising…

Lemonade, the digital insurance company powered by AI and social impact, today announced the launch of Lemonade Autonomous Car insurance, a first-of-its-kind product designed specifically for self-driving cars, starting with Tesla FSD. Lemonade expects further reductions as Tesla releases FSD software updates, which are anticipated to make the cars even…

The following information was released by the office of the Governor of New York:. These proposals build on Governor Hochul's ongoing efforts to make the state more affordable and put money back into the pockets of hardworking New Yorkers. "Since taking office, my top priorities have been to make New York more affordable and protect New Yorkers and that's why I…

Napa County wants Washington and Sacramento to hear its voice on such issues as health care changes, soaring fire insurance rates and possible Pacific Gas& Electric Co. rate hikes. The federal spending bill passed in 2025 affects Medicaid, called Medi-Cal in California, with the White House's stated goal being the reduction of waste, fraud and abuse.

The bill, sponsored by Pinellas County Republican Kimberly Berfield, addresses findings and recommendations in a study that surfaced last year and was later investigated by the House Insurance and Banking Subcommittee. It found that during that period, 19 insurers based in Florida or surrounding regions funneled billions of dollars in fees to holding…

A new poll conducted on behalf of the nonpartisan Florida Policy Institute found that 63 percent of Florida voters– including 73 percent of Democrats, 58 percent of Republicans, and 60 percent of independents– believe that property insurance relief should be a higher priority for the state Legislature than property tax relief. The poll also found that roughly…

Politicians all along the ideological spectrum are in agreement on the big issue now animating Americans: Stuff is too expensive. President Donald Trump, after mocking talk of "affordability" as a "hoax" last year, has pivoted to proffering a slew of questionable, quick-fix policies to lower prices for Americans. In Illinois, Democratic House Speaker Emanuel "…

MALVERN, Pa, January 21, 2026 The U.S. property/casualty insurance industry exhibited resilience in 2025 and is forecast to have its lowest Net Combined Ratio in over a decade. "Overall, the P/C insurance industry and the broader U.S. economy remain stable," said Michel Leonard, Ph.D., CBE, chief economist and data scientist at Triple-I. In particular, P/C replacement…

The following information was released by FEMA:. New flood maps have been finalized and will become effective on July 21, 2026, for San Augustine County, Texas. Residents with federally backed mortgages must have flood insurance if their structures are in the Special Flood Hazard Area.

Property insurance rates in Montana are increasing, advocates and insurance companies say, and the legislature has been tasked to figure out why. Passed during the 2025 Legislative session, House Joint Resolution 61 requires a study of property insurance during the interim, and it was the highest ranked— or most important— study bill passed last session.

EPIC Insurance Brokers& Consultants, a national insurance brokerage and consulting firm providing specialized services and products across select industries and client sectors, today announced the acquisition of The Bond Exchange, a Mission Viejo, California- based surety bond agency. The Bond Exchange, led by CEO Yung Mullick, President James W. Moilanen,…

First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, today announced the company now offers its customers a free property title monitoring and fraud alert service, providing an important layer of protection for homeowners amid rising…