Property and Casualty News

AM Best has upgraded the Long-Term Issuer Credit Rating to“ bb+” from“ bb” and affirmed the Financial Strength Rating of B of National Security Fire and Casualty Company. AM Best also has upgraded the Long-Term ICR to“ bb+” from“ bb” and affirmed the FSR of B of National Security Insurance Company. In addition, AM Best has upgraded the FSR to B from B- and the Long-Term ICR to“ bb”…

The National Oceanic and Atmospheric Administration is forecasting a below-normal season with a total of 8-14 named storms. Now is the time to strengthen your property to reduce potential damage and check your insurance coverage to make sure you are financially prepared if a storm damages your property, according to the American Property Casualty…

The following information was released by the office of the Governor of Colorado:. Today, Governor Polis signed bills into law to lower the price of homeowners insurance in Colorado, invest in early childhood education careers and care, and expand pathways for natural medicine. Governor Polis signed SB26-155- Increase Access Homeowner's Insurance…

The following information was released by the Colorado Senate Democrats:. SB26-155, sponsored by Senators Kyle Mullica, D- Thornton, and Janice Marchman, D- Loveland, Speaker Julie McCluskie, D- Dillon, and Representative Kyle Brown, D- Louisville, will help stabilize Colorado's homeowners insurance market and make property insurance more affordable through the…

Now that we’ re into hurricane season, which runs from June 1 to Nov. 30, it’ s important to know what to do during and after the storm. As I said in a previous column, preparation is the key. sure you have adequate homeowners’ insurance and a flood insurance policy.

Antonieta Cadiz was trapped in her home during Hurricane Harvey. Cadiz didn't have flood insurance and took out a Small Business Administration loan, a debt she says she's still paying. Cadiz was one of two dozen Texans who testified at a May 30 "people's hearing" on extreme weather.

Newly introduced New Jersey legislation would give pet owners a tax credit of up to $600 annually to help cover veterinary costs and $300 for everyday pet expenses. "New Jersey is an expensive state for veterinary care," says Julia Taliesin, a licensed insurance agent and economic analyst for Insurify, an insurance-comparison marketplace.

The following information was released by Louisiana Senator Bill Cassidy:. He urged colleagues to address rising costs driven by the Biden-era Risk Rating 2.0 policy and act before the next storm threatens Louisiana families. Last year, thankfully, no hurricanes hit Louisiana.

Arch Insurance North America today announced a series of leadership and distribution appointments designed to strengthen its Wholesale platform and support long-term growth in the Excess& Surplus market. “Unifying E&S Property and E&S Casualty under Jason, and appointing Jared as a dedicated Wholesale distribution leader, allows for stronger internal…

At the Tuesday, June 2 meeting of the Clay City Town Council, Council President Donnella Baumgartner confirmed that some funds had been received in relation to former Clerk-Treasurer Karla Pipes, who was convicted of wire fraud in February 2026. According to an official State Board of Accounts presentation, surety bonds for Clerk-Treasurers and Controllers…

According to the JD Power 2026 U.S. “We’ re moving from a crisis-driven market to a digital‑ and AI‑ driven market,” said Stephen Crewdson, managing director, insurance intelligence at JD Power.“ Even as rate pressure eases, customers are getting more quotes than ever because mobile apps and AI tools make it so much easier to compare options and understand coverage.

Radian Group Inc. will host an Investor Day today, Thursday, June 4, 2026, beginning at 9 a.m. Eastern time in Midtown Manhattan, New York City. During the event, Radian’ s executive leadership team will discuss the company’ s long-term strategy for value creation as a global multi-line specialty insurer, outlining how the company’ s strong financial foundation,…

Winds in Houston knocked down massive trees and power lines leaving more than 19,000 people without power. The National Weather Service confirmed an EF-1 tornado packing winds of 105 mph in Guadalupe County. These National Flood Insurance Program poli- cies offer coverage up to $250,000 for a personal residence and $100,000 for personal belongings.

Illinois lawmakers passed sweeping auto insurance reforms that would give state regulators the power to challenge excessive rate hikes for the first time, ending Illinois' status as one of only two states without such authority. Senate Bill 714, championed by Secretary of State Alexi Giannoulias, cleared the General Assembly after Illinois drivers were…

2026 JUN 03– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– CopperPoint Insurance Company, a leading Arizona- based specialty provider of workers’ compensation and commercial insurance solutions, announced the signing of a definitive agreement to acquire General Indemnity Group and its subsidiaries, including United Casualty&…

2026 JUN 03– 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“ MARSH” by Julia K. Sutherland Seyfarth Shaw LLP, representing Marsh& McLennan Companies, Inc. This application was made available to the public on May 14, 2026.

For years, Corey Silverstein did what Florida homeowners are told to do. His experience highlights a growing frustration among Florida homeowners who say state-backed home-hardening programs and mitigation upgrades are not delivering the insurance savings many expected. While Florida officials tout the success of the My Safe Florida Home program,…

Democrats Jane Kim and Ben Allen, with more than three-quarters of the votes counted in the race for California insurance commissioner, jumped ahead in initial counts of the vote-by-mail ballots on Tuesday night and continued to hold a sizeable lead over opponents as results were updated after polls closed at 8 p.m.. Bernie Sanders in a statewide election for…

Democrats Jane Kim and Ben Allen are leading early in the race for California insurance commissioner, initial counts of the vote by mail ballots showed Tuesday night, shortly after polls closed at 8 p.m.. The election has become a bit of a high-profile contest, where a range of policy ideas were floated in the primary, as increasingly frequent disasters have…

How much does jewelry insurance cost in 2026? Standard jewelry insurance will cost about 1%-3% of your jewelry's appraised value per year, while some providers offer a lower range of rates costing 0.5%-1.5% of the appraised value per year. As such, if you were to calculate the cost of jewelry insurance for, say, a $10,000 engagement ring, you'd find that your rates…