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Property and Casualty News

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The latest news, regulation and trends in property & casualty insurance.

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Live near a stream on Oahu? See changes to flood insurance maps

December 14, 2025

The city and state are assisting the Federal Emergency Management Agency in alerting property owners and communities that it has updated its flood maps once again. Since 2019, FEMA has studied flood risks along numerous Oahu streams, some which have not been examined before. “The update studied nearly 100 miles of stream across Oahu, resulting in a total of 3,…

What to know about insurance if your house flooded

December 13, 2025

A flooded home is overwhelming enough. If your house is flooded and you don’ t have flood insurance, be on the lookout for when the state announces whether the federal government approved disaster relief, which may include individual financial aid for low-income households impacted by the flooding in Western Washington. If you have flood insurance, take photos…

Judge rules BRIC program cut unlawfully

December 13, 2025

This ruling directly affects the Grays Harbor region as nearly $100 million was to be allocated to Aberdeen and Hoquiam for levee projects that would help prevent catastrophic flooding, lift FEMA floodplain designations and ease requirements for flood insurance and flood-zone codes. "I am extremely encouraged and grateful that this ruling could lead to…

Which safety features actually lower your car insurance rate?

December 13, 2025

Which safety features actually lower your car insurance rate? For years, the promise has been clear: A safer car equals lower car insurance premiums. Cheap Insurance helps you understand which safety features and discounts are worth asking your carrier about, ensuring you get credit for your vehicle's protective technology.

Which safety features actually lower your car insurance rate?

December 13, 2025

Which safety features actually lower your car insurance rate? For years, the promise has been clear: A safer car equals lower car insurance premiums. Cheap Insurance helps you understand which safety features and discounts are worth asking your carrier about, ensuring you get credit for your vehicle's protective technology.

REPS. CASTOR, SALAZAR REINTRODUCE BIPARTISAN LEGISLATION TO LOWER FLOOD INSURANCE COSTS

December 13, 2025

Kathy Castor and Maria Salazar reintroduced the Continuous Coverage for Flood Insurance Act, which would lower costs by ensuring that the Federal Emergency Management Agency allows consumers to exercise their right to maintain flood insurance outside of the National Flood Insurance Program. "Families, homeowners and small businesses across Florida…

Best’s Special Report: U.S. Property/Casualty Industry Sees Significantly Improved Underwriting Gain in First Nine Months of 2025

December 12, 2025

The U.S. property/casualty industry recorded a $35 billion net underwriting gain in the first nine months of 2025, a significant improvement from the nearly $4 billion gain recorded in the same prior-year period, according to a new AM Best report. However, an 80% reduction in net realized capital gains, driven primarily by a combined $60.5 billion decline at…

STRONG WORKING RELATIONSHIPS WITH PATIENTS PROTECT HEALTHCARE PRACTITIONERS

December 12, 2025

The following information was released by the Ohio State Medical Association:. Provided by The Doctors CompanyOSMA's exclusive partner for medical liability insurance. Daniel Kent Cassavar, MD, MBA, FACC, Medical Director, The Doctors Company and TDC Group.

SMITH, MCKEON LEGISLATION TO ASSESS IMPACTS OF CLIMATE CHANGE ON PROPERTY INSURANCE ADVANCES

December 12, 2025

The following information was released by the New Jersey State Senate, Democrats:. Aiming to better understand the current and predicted impacts of climate change on property insurance, the Senate Environment and Energy Committee advanced legislation sponsored by its Chair, Senator Bob Smith, and Senator John McKeon that would establish a task force known…

Jail Docket: December 4, 2025

December 12, 2025

*Haley Nicole Broome, 31, Columbia, arrested by MCSO, charged with driving while license suspended; no proof of liability insurance; careless driving. *Isiah Hathorn, 43, Columbia, arrested by MCSO, charged with DUI 2nd offense- under the influence of liquor. *Karen Marie Hollie, 55, Columbia, arrested by CPD, charged with controlled substance: possession of marijuana;…

IOWA TITLE GUARANTY LAUNCHES ONE OF THE NATION'S FIRST TITLE THEFT COVERAGES FOR HOMEOWNERS

December 12, 2025

The following information was released by the Iowa Economic Development Authority:. Iowa Title Guaranty today announced the launch of one of the nation's first title theft coverage products, offering Iowa homeowners peace of mind against the fast-growing threat of title fraud. With this new offering, ITG is putting Iowa at the forefront of consumer…

LETLOW, COLLEAGUES INTRODUCE AUTOMATIC FLOOD INSURANCE EXTENSION

December 12, 2025

Troy A. Carter, Sr., Cleo Fields, Clay Higgins, Mike Ezell, and Lizzie Fletcher in introducing the National Flood Insurance Program Automatic Extension Act of 2025. The bill ensures that the National Flood Insurance Program automatically continues its core operations even if Congress misses a scheduled reauthorization deadline. Through the NFIP Automatic…

Haddam construction company owner arrested for failing to provide workers' comp, officials say

December 11, 2025

Lou Milardo, 58, of Haddam, was charged on Dec. 3 with two counts of noncompliance with insurance requirements, according to a news release from the Office of the Chief State's Attorney. Officials said Milardo, the principal owner of Lou Milardo Builders, LLC, and J&L Milardo, LLC, is accused of failing to carry workers' compensation insurance coverage for his…

Using AI to predict and prevent weather catastrophe home insurance claims

December 11, 2025

Using AI to predict and prevent weather catastrophe home insurance claims. Cheap Insurance explains how AI is transforming the data to defense strategy for insurers, offering unprecedented granularity and speed in anticipating weather catastrophes, leading to faster claims, reduced losses, and ultimately, greater resilience for communities.

Auto insurance shocker: Simple bumper dings now require expensive sensor recalibration

December 11, 2025

Auto insurance shocker: Simple bumper dings now require expensive sensor recalibration. The automotive past is often recalled fondly. A fender bender was a nuisance, certainly, but the required repair was relatively predictable.

Alexander County issues Request for Proposals for insurance broker

December 11, 2025

Alexander County, North Carolina is issuing a Request for Proposals for insurance brokers/agents regarding the county's property and liability insurance and workers' compensation insurance. Submit proposals to Justin Mundy, county manager, at the Alexander County Administration Office, 621 Liledoun Road, Taylorsville, NC 28681 no later than 12 p.m. on…

December 11, 2025
Image shows a home graphic and a credit report
Insurers can add a “credit score penalty” to homeowner’s insurance in every state except California, Maryland and Massachusetts.

‘Credit score penalty’ doubling the cost of insurance for some, CFA reports

In all but three states it’s often more expensive for homeowners to have poor credit than to live in an area with a high risk of natural disasters.

TULSA COUNTY, OKLAHOMA FLOOD MAPS BECOME FINAL

December 11, 2025

The following information was released by FEMA:. New flood maps have been finalized and will become effective on June 10, 2026, for Tulsa County, Oklahoma. Residents with federally backed mortgages must have flood insurance if their structures are in the Special Flood Hazard Area.

FISCHER JOINS COLLEAGUES IN CALLING FOR REPEAL OF HARMFUL BIDEN-ERA HOUSING REGULATION

December 11, 2025

U.S. Senator Deb Fischer sent a letter with her colleagues, led by Senator Eric Schmitt, to Federal Housing Finance Agency Director William "Bill" Pulte calling for the repeal of a Biden-era guidance that would prohibit actual cash value homeowners insurance policies for federally-backed mortgages. In 2024, at the direction of Biden's FHFA, new policy from…

CONGRESSWOMAN LIZZIE FLETCHER, CONGRESSMAN TROY CARTER, AND COLLEAGUES INTRODUCE BIPARTISAN LEGISLATION TO PREVENT FLOOD INSURANCE FROM LAPSING DURING GOVERNMENT SHUTDOWNS

December 11, 2025

Today, Congresswoman Lizzie Fletcher, Congressman Troy Carter, Congressman Clay Higgins, Congresswoman Julia Letlow, Congressman Mike Ezell, and Congressman Cleo Fields introduced the National Flood Insurance Program Automatic Extension Act to prevent the National Flood Insurance Program from lapsing during future federal government shutdowns.

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