Property and Casualty News

SACRAMENTO, CA., 9/ 12/ 2026– In November, California voters will choose who oversees one of the biggest insurance markets in the world. Those responsibilities have a direct effect on California residents' pocketbooks as risks for wildfires and other climate-related disasters grow. California residents also face higher costs for just about everything,…

Polls consistently show that affordability is Florida voters’ biggest concern leading into the November election, and the candidates for governor are pitching plans they say will bring down property insurance costs. Ron DeSantis’ leadership, Florida lawmakers have made it harder to sue insurance companies in an effort to attract more providers back into…

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation, collectively referred to as Kemper Property& Casualty Group. AM Best also has revised the outlooks to negative…

AM Best has assigned a Financial Strength Rating of A++ and a Long-Term Issuer Credit Rating of“ aaa” to USAA Falcon Property& Casualty Insurance Company. The outlook assigned to these Credit Ratings is stable. Within the broader USAA group, USAA Falcon provides enhanced flexibility in pricing, discounts and product differentiation to better serve members and…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of the property/casualty members of Erie Insurance Group. Erie Insurance Exchange is the lead company of Erie; the remainder of the P/C group is composed of inter-company pooling members, Erie Insurance Company and Erie Insurance Company of New York, and…

Volunteers of America Texas will host informational sessions about the Home Improvement& Preservation Program from 10 a.m. to noon at the Glendale Shopping Center on Saturday, Sept. 12. To qualify, residents must own and live in a home located in the City of Dallas, have homeowners insurance and be current on their mortgage and property taxes.

Anderson has spent decades diligently working on behalf of victims of clergy abuse in the Catholic Church. He recently announced that U.S. Fire Insurance Company, after years of delay and denial, agreed to pay $30 million to some 145 survivors of abuse in the Diocese of Winona-Rochester. The coach’ s game-day routine has him coming off like the high school drama…

Home insurance companies are handling fewer claims, but the ones they do pay are far more expensive than a few years ago, a new industry report indicates. The average cost per home insurance claim— which insurers refer to as "claim severity"— hit a record high in 2025, rising almost 26% from 2024, according to the July 2026 LexisNexis U.S. The average U.S. homeowner…

Despite homeowners insurance premiums remaining below the national average, California’ s insurance market continues to face significant pressures that are limiting coverage availability and driving more consumers toward nonstandard insurance options, according to a new members-only Issues Brief published by the Insurance Information Institute.

ATLANTA& NEW YORK—- Intercontinental Exchange, Inc., one of the world’ s leading providers of financial market technology and data powering global capital markets, today released the September 2026 ICE Mortgage Monitor Report. “Property insurance has been a fast-growing component of the monthly mortgage payment, but this quarter’s data shows the pace of…

Agero, through its Urgently acquisition, announced a partnership with MOTER Technologies, Inc., an insurtech company that transforms connected vehicle data into real-time risk and claims insights. Together, the companies will deliver an integrated solution that connects roadside assistance, accident support, claims intelligence, and driver engagement…

Volunteers of America Texas will host an informational session about its Home Improvement& Preservation Program on Thursday, Sept. 10, from 10 a.m. to noon at the Forest Green Branch Library. To qualify, residents must own and live in a home located in the City of Dallas, have homeowners insurance and be current on their mortgage and property taxes.

As lenders increasingly seek more personalized ways to evaluate consumers and expand access to credit, Experian ® has rolled out Experian Activate™, an AI-enabled decisioning engine powering the Experian Marketplace, a leading consumer comparison-shopping platform for credit cards ii, personal loans iii and auto insurance iv. This press release…

These are just some examples of medical malpractice claims Delaware hospitals have settled in recent years. But for years, Delaware's nonprofit hospitals have quietly operated secretive, for-profit insurance companies in the Caribbean, where they've stashed hundreds of millions of dollars for such legal payouts. "Once that money leaves the nonprofit, that…

The Best’ s Market Segment Report,“ Market Segment Outlook: Malaysia Non-Life Insurance,” notes that motor and fire insurance anchor the market, together accounting for more than 65% of total non-life premiums. Since phased liberalisation of tariffs for these lines began in July 2016, pricing progressively has shifted toward a more risk-based approach.

Neptune Flood, the largest private flood insurance provider in the United States, today released a report analyzing FEMA’ s public policy-level data on National Flood Insurance Program pricing five years after the launch of Risk Rating 2.0. Under the statutory 18% annual rate cap, another $10 to $13 billion will be subsidized before the gap closes in the late…

The following information was released by the New York State Department of Financial Services:. Governor Kathy Hochul today announced that the New York State Department of Financial Services has proposed a regulation amending the process for filing private passenger auto insurance rates, implementing reforms enacted in the Fiscal Year 2027 Budget to…

2026 SEP 08– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators publish new report on Engineering. Funders for this research include National Science Foundation, NSF-Simons SkAI Institute, NSF CAREER, National Science Foundation, National Institutes of Health- USA, Google Research Scholar Award, Cisco gift grant.

Wisconsin regulators will hold a Sept. 21 hearing on a proposal to transfer control of SU Insurance Co. to the Polaski Family Trust.

The U.S. property/casualty industry recorded $31.2 billion in net underwriting income in the first half of 2026, nearly three times the $10.9 billion posted in the same prior-year period, according to a new AM Best report. Also driving the net underwriting gain was a 3% increase in net earned premiums and a 5% decline in incurred losses and loss-adjustment…