The following information was released by Oregon Senator Jeff Merkley:. Senator Jeff Merkley today unveiled the Wildfire Insurance Affordability Act, new legislation that would help homeowners reduce wildfire risk, give insurers confidence in lowering home insurance rates in communities at risk of fires, and keep insurers in the market.
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Funders for this research include Chinese University of Hong Kong, University of Hong Kong, Princeton, Rochester, European Commission Joint Research Centre, Ronald and Maxine Linde Institute of Economic and Management Sciences, Bank of Italy. The news reporters obtained a quote from the research from the California Institute of Technology,“ Using data from…
Allen did not respond to The Center Square on this story before press time on Thursday. However, advocates of the bill told The Center Square Thursday that the rise of nonrenewals in California has made the Golden State a national hotspot for cancelled policies. “Consumers often have little information about the reason for the nonrenewal, and have no path to…
The Cooper County Fair Board lost the $5,000 deposit it paid to a carnival company after the business abruptly shut down just one week before this year's fair. In a letter to clients, Amusement Associates representative Arthur McCarthy said liability insurance costs had risen to between $6,000 and $7,000 per event. Before the company shut down, the Cooper…
Safety Insurance Group Inc., one of the leading property and casualty insurers in Massachusetts and across New England, today announced that it has entered into a definitive agreement under which an affiliate of Mapfre S.A. will acquire Safety in an all-cash transaction valued at approximately $1.54 billion. The transaction has been unanimously approved…
Universal Insurance Holdings reported second quarter 2026 results. Strong retention and new business generation resulted in 4.1% direct premiums written growth, including growth in Florida and across our multi-state footprint.”. Thanks to the efforts of the Governor, the Legislature, and the OIR, the Florida homeowners insurance market has stabilized and…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Top Layer Reinsurance Ltd.. These ratings continue to reflect the substantial amount of support Top Layer receives from its co-owners, State Farm Mutual Automobile Insurance Company, currently with an FSR of A+ and a Long-Term ICR of“ aa”, and Renaissance…
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Farm Mutual Reinsurance Plan Inc.. The outlook of these Credit Ratings has been revised to stable from positive. Established in 1959, Farm Mutual Re is the exclusive reinsurer for 42 members in Canada and accepts each insurer’ s entire…
ReSource Pro, a trusted partner providing strategic operations and technology services for the insurance industry, today published its 2026 AI Lessons Learned Report, a first-hand account of how insurance organizations across the U.S. property and casualty insurance ecosystem are navigating the opportunities and pitfalls of artificial intelligence…
Secretary of State Alexi Giannoulias highlighted landmark auto insurance reform legislation that would, for the first time, give Illinois regulators the authority to review and challenge excessive insurance rate increases while strengthening oversight of insurance companies and delivering long-overdue transparency, accountability and consumer…
The training, led by the New York State Police and the New York State Department of Financial Services, is designed to strengthen the skills of investigators and local law enforcement professionals so they can better detect, investigate and prosecute financial crimes, including auto insurance fraud. "New York has experienced a sharp increase in suspected…
AM Best has affirmed the Long-Term Issuer Credit Ratings of“ a” and the Long-Term Issue Credit Ratings of The Hartford Insurance Group, Inc., which is the ultimate parent of the companies hereinafter mentioned. AM Best also has affirmed the Financial Strength Rating of A+ the Long-Term ICRs of“ aa” of Hartford Fire Insurance Company and its pooling subsidiaries…
Opinion: We must clear the insurance industry’s name
My recent experience taught me that leaders in our industry can and will exploit systems intended to serve policyholders for their own benefit.
2026 JUL 21– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– Wright National Flood Insurance Company, the nation’ s leading provider of federal flood insurance, has announced an agreement to acquire the flood insurance policy book from First Insurance Company of Hawaii. Wright Flood will service, administer, and issue flood coverage…
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 that its Founder and Chief Executive Officer, Bob Ritchie, has been named PropertyCasualty360’ s 2026 Thought Leader of the Year in the Insurance Carriers category.
Federato, the AI-native platform that changes the way insurance work gets done, today released its 2026 State of P&C Insurance Technology report, based on a survey of 750 P&C insurance professionals across carriers, managing general agents, and MGA aggregators. The report’s central finding: 91% of P&C leaders report real-time portfolio control, but only 27% of…
High cost of home insurance may drive voter turnout for midterms
A majority of Americans say rising home insurance costs would make them more likely to vote in the midterm elections.
–Illinois Secretary of State Alexi Giannoulias says he is offended by a state lawmaker’ s suggestion that Giannoulias championed auto insurance regulations for political reasons. Jeff Keicher, R- Sycamore, argued that Giannoulias championed the legislation to help further his own aspirations. The Center Square asked the secretary about Keicher’ s remarks.
JEFFERSON CITY- The Missouri Department of Commerce and Insurance is encouraging motorists to take steps to protect their vehicles from theft and make sure they understand what their auto insurance policies cover during Vehicle Theft Prevention Month. The department joined the National Highway Traffic Safety Administration's annual awareness…
WASHINGTON, July 15, 2026/ PRNewswire/— U.S. News& World Report, the global authority in rankings and consumer advice, today recognizes the winners of the 2026-2027 Home Insurance Awards. "When choosing the right home insurance company to trust with their largest asset, homeowners should consider not only the cost of a policy but also the reliability of that…
