Property and Casualty News RSS Get our newsletter

This year, most Americans plan to use their tax refund toward financial goals, including car insurance. Last year, the IRS issued 102,122,000 tax refunds to Americans, averaging $3,052 per refund. The national average annual cost of full-coverage car insurance was $2,144 in 2025, a slight drop from the significant rate increases recorded between 2022 and 2024.

More than 84,000 California pet owners could see double-digit rate increases for their pet insurance coverage this year. In April, the state's Department of Insurance approved significant rate increases for Metropolitan General Insurance Company and American Modern Home Insurance Company. The rate hikes will apply to 22,578 Metropolitan policies and…

As of October, Idaho homeowners have seen a 17% rise in premiums in 2024, according to Insurify's analysis of home insurance data. Though Idaho homeowners still pay less than the national average for home insurance, the state's growing wildfire risk is driving up premiums. Idaho home insurance rates have increased by 17% in 2024— significantly more than the 3%…

New York drivers buying a new full-coverage car insurance policy may no longer face cancellation if they fail to submit photos of their vehicles to their insurance companies within 14 days. "Under the new law, inspections will be optional, so policyholders are not needlessly being required to have a photo inspection of their vehicle," said Ellen Melchionni,…

Florida law bars executive officers and directors who' ve worked for now-insolvent insurance companies from taking similar roles in the state's industry. Holding such a role is a violation of Florida law unless the parties are able to demonstrate their "personal actions or omissions were not a significant contributing cause to the insolvency."

Drivers routinely use their phones in the car to listen to music or get directions. But the devices may be listening back, tracking driving behavior, and ultimately sharing that information with insurers. A recent report from The New York Times named three popular apps— Life360, MyRadar, and Gas Buddy— as recording and sharing driver data with Arity, an Allstate-…

The insurance crisis is spreading as climate-related damage wreaks havoc across the U.S., driving up premiums in states that once had low-cost, widely available insurance. Billion-dollar events have factored into Texas home insurance premiums, which are the fifth-highest in the country.In 2023, a record-breaking 28 weather events caused more than $1…

Under new Environmental Protection Agency emission standards, a projected 56% of new vehicle sales will be electric by 2032. Full coverage for gas-powered vehicles costs an average of $210 per month, compared to $251 for EVs.EVs cost an average of $55,353— 14% more than the average transaction price for all new vehicles, according to Kelley Blue Book.

Some widespread beliefs about car insurance are myths or misconceptions. Men have higher rates than women in all but a handful of states, but women pay a larger percentage of their average income toward car insurance in all states except Vermont and South Dakota. The average monthly full-coverage insurance rate is $176 for men, compared to $167 for women.

Telematics is an optional insurance product that offers discounts for safe driving, with consumers informed about how collected data factors into premiums.Your smart car's entertainment system, advanced safety feature sensors and cameras, GPS, devices connected through a USB, smartphone apps, and event data recorders provide data that could affect your…

California and Florida— two of the largest, most populous, and economically robust states— account for 3.5% and 8.8% of the country's total shoreline area, respectively. Florida, meanwhile, has instituted policy adjustments to crack down on the industry fraud that was costing insurers. And, as California and Florida struggle with these challenges, data suggests…

Editor's note: The U.S. has adjusted tariff policies since this report was published, changing the estimated impact on car insurance costs. Tariffs on Canada and Mexico will likely change how much Americans pay for full-coverage car insurance. The U.S. leans heavily on its bordering neighbors for auto parts and assembly, and Insurify experts say a 25% tariff on…

Since the beginning of the 2024 hurricane season, Citizens Property Insurance, Florida's insurer of last resort, picked up more than 20,000 home insurance policies in June and another 6,776 by mid-July, according to the insurer's data. This uptick is in direct contrast to Florida's legislative efforts to bolster the commercial home insurance market, reduce…

More than 9% of all U.S. properties— including homes and businesses— are at risk of experiencing at least one flood of a depth of one foot or more every year, according to the Congressional Budget Office. Since 1998, 99% of U.S. counties have experienced a flood, with more than 40% of flood insurance claims coming from areas considered at lower risk for flooding, FEMA…

ANV Group Holdings Ltd., a global insurance intermediary platform, today announced the launch of ANV LaunchPad, an MGA incubator designed to partner with experienced underwriters to build scalable, long-term specialty insurance businesses. Hastings specializes in tax liability insurance and is led by Craig Farber and Russ Young, Co‑ Presidents of Hastings.