This week, Congressman Cleo Fields, along with Representatives Troy Carter, Mike Ezell, and Rob Bresnahan, introduced H.R. 9511, the NFIP Premium Transparency Act, legislation that would require the Federal Emergency Management Agency to give the more than 400,000 Louisiana policy holders enrolled in the National Flood Insurance Program a full, clear…
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First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, today announced that Pam Forrester, senior vice president of Lender Division operations, was honored as one of HousingWire’ s 2026 Women of Influence. “Pam’s leadership has helped shape…
Oklahoma Attorney General Gentner Drummond filed a new lawsuit Wednesday, June 24, against State Farm Fire and Casualty Company, alleging the insurer engaged in a coordinated scheme to wrongfully deny or underpay legitimate hail and wind damage claims submitted by Oklahoma homeowners. Filed in Cleveland County District Court, the lawsuit alleges State…
Insurance rates have skyrocketed since the pandemic, and jaw-dropping renewal notices have left many consumers stretched thin when it comes to protecting their assets. Nearly half of Americans with auto insurance and homeowners insurance say they're stressed about their premiums, according to a recent NerdWallet survey. Even as affordability…
The following information was released by the American Public Power Association:. The House on June 29 approved H.R. 7128, the Terrorism Risk Insurance Act Program Reauthorization Act of 2026, by a vote of 373-15. APPA supports the bill. S. 4395 has been introduced as an amendment to the Fiscal Year 2027 National Defense Authorization Act by Senators Dave…
How a hurricane-ravaged town partnered with FEMA to reduce risk, cut costs, and build back smarter. Eventually, FEMA determined that the town was no longer fully complying with the National Flood Insurance Program. As a result, Fort Myers Beach was placed on probationa designation that added a $50 surcharge to every federal flood insurance policy in the…
Who’s left holding the risk when insurers drop AI liability coverage?
When an AI system produces a faulty output, an infringing piece of content or a downstream business loss, the question of who pays has quietly changed.
The House of Representatives has passed a bipartisan bill to provide protection for insurers against acts of terrorism. "This legislation would reauthorize TRIA, the program established by Congress in the aftermath of the September 11, 2001, terrorist attacks, through 2034," Flood said. Rep. French Hill, who is chairman of the House Financial Services…
Insurity, one of the largest software providers to the property and casualty insurance industry, today announced the appointment of Jatin Atre as Chief Executive Officer. Atre succeeds Jeff Clarke, who will continue with Insurity as Executive Chairman. Jatin Atre has been appointed Chief Executive Officer of Insurity.
The House of Representatives has passed a bipartisan bill to provide protection for insurers against acts of terrorism. “This legislation would reauthorize TRIA, the program established by Congress in the aftermath of the September 11, 2001, terrorist attacks, through 2034,” Flood said.“ We are so fortunate that we have never seen a TRIA claim in the program's…
EPIC Insurance Brokers& Consultants, a national insurance brokerage and consulting firm providing specialized services across select industries and client sectors, today announced the appointment of Monica Donatelli as National Surety Practice Development Leader. In this role, Donatelli will develop practice strategy, client service delivery and the…
Three quarters of Midwestern homeowners are concerned about rising home insurance premiums and 86% of homeowners surveyed in a poll released Thursday by Climate Power and the Insurance Fairness Project say elected officials should do more to reduce the cost. The poll surveyed Iowa, Nebraska and Kansas homeowners and found they largely supported policy…
The U.S. International Development Finance Corporation today signed a cooperation agreement with the Multilateral Investment Guarantee Agency, the home of the World Bank Group Guarantee Platform, to establish a political risk insurance framework for the United States-Ukraine Reconstruction Investment Fund. This framework is intended to catalyze and…
New World screwworm hasn't plagued American domestic animals in nearly 60 years. But since June 3, federal authorities have confirmed at least 20 cases in Texas and New Mexico. "Standard accident and illness pet insurance policies usually cover treatment for parasitic infestations," said Julia Taliesin, a licensed insurance agent and economic analyst for…
After years of relentless increases, auto insurance policyholders have been enjoying a relative break in the recent cycle. Average full-coverage premiums fell roughly 6% in 2025, according to Insurify analyses, marking the first meaningful decline after rates surged an average of 46% nationwide between 2022 and 2024.. "While auto insurance rates have not…
A bill to help homeowners keep their insurance by requiring greater disclosure of reasons for nonrenewal and instructions for how to keep coverage when possible passed the Assembly Insurance Committee today.
One day after the state Supreme Court said he couldn't piggyback on someone else's lawsuit against an insurance company, Oklahoma Attorney General Gentner Drummond filed his own lawsuit Wednesday against State Farm Fire and Casualty Co. to enforce state racketeering law. Filed in Cleveland County District Court, the 21- page petition alleges State Farm…
One day after the state Supreme Court said he couldn't piggyback on someone else's lawsuit against an insurance company, Oklahoma Attorney General Gentner Drummond filed his own lawsuit Wednesday against State Farm Fire and Casualty Co. to enforce state racketeering law. Filed in Cleveland County District Court, the 21- page petition alleges State Farm…
OKLAHOMA CITY– Oklahoma Attorney General Gentner Drummond on Wednesday filed a new lawsuit against State Farm Fire and Casualty Company, alleging the insurer is engaging in a scheme to deny and underpay hail and wind damage claims by Oklahoma homeowners. According to Drummond's office, State Farm is alleged to have engaged in a pattern of deceptive and…
Report: Many Americans paying up to 45% of annual income on auto loans
Americans are carrying nearly $1.7 trillion in auto loan debt, more than $13,800 per household. Experts say that isn’t a good recipe for financial success.
