Should I put my newly licensed teen driver on my auto insurance policy, or should he have his own? Does it pay to shop around or should I stick with my agent? Are there meaningful discounts for teen drivers?
The latest news, regulation and trends in property & casualty insurance.
More Stories
AUSTIN– Governor Greg Abbott today announced that, in response to his directive last week to make property insurance more affordable, the Texas Department of Insurance reminded insurers that the practice of "price optimization" violates Texas law for all TDI-regulated insurance products. "The average annual homeowners' insurance premium in Texas rose 79…
"This is a breakthrough and powerful moment in time in getting justice for survivors," said Jeff Anderson, whose law firm, Jeff Anderson& Associates, represented the sexual abuse survivors. Anderson told MPR News the settlement with the United States Fire Insurance Company covers incidents of abuse dating back to the early 1960 s, and some of the survivors began…
A $30 million settlement has been reached related to sexual abuse claims filed against the Diocese of Winona. Jeff Anderson& Associates PA in Saint Paul announced Thursday the settlement with United States Fire Insurance Company, the diocese’ s largest insurer. Fire Insurance denied, delayed, and for business reasons, chose to oppress survivors in bringing…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa” of the main rated insurance subsidiaries of Zurich Insurance Group Ltd. In the second half of 2026, Zurich is expected to complete the acquisition of Beazley plc for a consideration of circa USD 11 billion. Once completed, AM Best expects Zurich’ s risk-adjusted…
The Federal Emergency Management Agency opened a 90- day appeal and comment period on Aug. 20 for proposed updates to federal flood maps in several counties, including Volusia. The proposed maps are part of FEMA’ s effort to update the Flood Insurance Rate Map for Volusia County. The County will accept correspondence only for properties in unincorporated…
The Federal Emergency Management Agency opened a 90- day appeal and comment period on Aug. 20 for proposed updates to federal flood maps in several counties, including Volusia. The proposed maps are part of FEMA’ s effort to update the Flood Insurance Rate Map for Volusia County. The County will accept correspondence only for properties in unincorporated…
The Federal Emergency Management Agency opened a 90- day appeal and comment period on Aug. 20 for proposed updates to federal flood maps in several counties, including Volusia. The proposed maps are part of FEMA’ s effort to update+ ho Flood Insurance Rate Map for Volusia County. The County will accept correspondence only for properties in unincorporated…
After decades of fighting to obtain justice, 145 people who were sexually abused by Catholic clergy and staff in the Diocese of Winona-Rochester will be paid $30 million in a settlement agreement reached with the largest insurer of the diocese. Anderson told MPR News the settlement with the United States Fire Insurance Company covers incidents of abuse…
The actuarial study, released September 2 by the American Property Casualty Insurance Association, found that Florida policyholders paid nearly $3 billion less for homeowners and personal auto insurance in 2025 than the year before. The study, Florida’ s Legal Reforms: Lower Insurance Costs and Less Litigation, was commissioned by the APCIA and conducted by…
In response to spiking car insurance costs in Nevada, this common-sense legislation would require the Federal Insurance Office to submit an annual report to Congress with legislative recommendations to lower the cost of car insurance. "Owning a car in southern Nevada is simply too expensive. Recently, Congresswoman Leehosted a conversation withthe Nevada…
A local jury on Monday convicted a man of arson and automobile insurance fraud, the Kern County District Attorney's Office reported. It said Daniel Montes, who had two prior strike convictions, was on probation when he drove a Jeep Gladiator from the Hard Rock Casino Tejon to a rural area outside of McFarland where he removed the rims and set the vehicle alight.
A new report from the Insurance Fairness Project finds that the home insurance crisis has moved from the margins to the core of the U.S. housing market, with unaffordable and unavailable coverage now disrupting home sales, slowing new construction, and pushing homeownership further out of reach for American families.
A new AM Best report delves into the growing capacity materializing in the combined property and casualty sidecars segment within the insurance-linked securities market, placing a broad estimate for the niche segment at USD 17 billion to USD 19 billion. The Best’s Market Segment Report,“ Steering Profitability Remains Crucial for Lloyd’ s in a Softening…
In the case of Billy and Lacy Hursh versus State Farm Fire and Casualty Co., Oklahoma County District Judge Amy Palumbo denied a request made by State Farm to allow company CEO Jon Farney to skip appearing for a deposition. According to attorneys for the Hurshes and other plaintiffs, State Farm also was dealt a setback after at least 31 internal documents it…
Governor DeWine and I welcomed and addressed participants, highlighting the significance of bringing the NAIC meeting to Ohio, the state’ s leadership in insurance and focus on insurance workforce development, and the important role of the state based regulatory system. Ohio Department of Insurance staff played a significant role at the meeting…
Novato has updated its municipal code to meet a Federal Emergency Management Agency program standard that lowers the cost of flood insurance. Novato has a ranking of six. “By adding this 1- foot freeboard, we receive CRS credits, so by doing this we are going to stay in class six and people who live in a flood zone and have flood insurance, they’ re going to get 20% from…
The following information was released by the office of the Governor of Texas:. Governor Greg Abbott today announced that, in response to his directive last week to make property insurance more affordable, the Texas Department of Insurance reminded insurers that the practice of price optimization violates Texas law for all TDI-regulated insurance…
“The average annual homeowners’ insurance premium in Texas has risen 79% in six years. High insurance costs hit Texas families hard,” Abbott said. This is after he proposed a plan in July for the legislature to establish a Texas roof fortification program, The Center Square reported..
The Insurance Information Institute today announced the launch of its Insurance Affordability Index, a new interactive resource designed to help consumers, policymakers and the media better understand how homeowners and personal auto insurance costs vary nationwide and the economic, risk and market factors driving those differences.
