Property and Casualty News

Pressured in part by rising claims severity and social inflation, the U.S. medical professional liability segment reported another year of increased underwriting losses as direct premium growth slowed, according to a new AM Best report. “The premium growth in 2025 was generally below expectations, reflecting competitive forces impacting carriers pushing…

COLUMBIA— South Carolinians' cost for replacing cracked or broken windshields could change with legislation advancing in the Statehouse. As long as they have comprehensive coverage, South Carolina drivers don't pay out of pocket for windshield replacements. Still, there is no "free" glass coverage in South Carolina.

Administrative issues in Washington are threatening better flood insurance premium discounts for Lake County property owners, and the county commission is asking its federal legislators for help. Administration of the National Flood Insurance Program's Community Rating System, or CRS, has been paused, just as Lake County is set to receive a rating upgrade…

Ahead of the June primary election, the Southern California News Group compiled a list of questions to pose to the candidates who wish to represent you. City where you reside: Irvine. California is in the middle of an insurance crisis, and no one in this race is more qualified to fix it than I am.

Ahead of the June primary election, the Southern California News Group compiled a list of questions to pose to the candidates who wish to represent you. Other political positions held: State Senate, State Assembly, Gardena City Council. City where you reside: Gardena.

Ahead of the June primary election, the Southern California News Group compiled a list of questions to pose to the candidates who wish to represent you. Other political positions held: Fire Safe Council for San Luis Obispo County. City where you reside: Grover Beach.

Ahead of the June primary election, the Southern California News Group compiled a list of questions to pose to the candidates who wish to represent you. City where you reside: San Francisco. I am running to make insurance in California fair, efficient and transparent.

Ahead of the June primary election, the Southern California News Group compiled a list of questions to pose to the candidates who wish to represent you. Other political positions held: Member of the San Francisco Board of Education, San Francisco Supervisor. City where you reside: San Francisco.

Ahead of the June primary election, the Southern California News Group compiled a list of questions to pose to the candidates who wish to represent you. You can find the full questionnaire below. City where you reside: Sacramento.

Ahead of the June primary election, the Southern California News Group compiled a list of questions to pose to the candidates who wish to represent you. You can find the full questionnaire below. Santa Monica-Malibu Board of Education, 2008-2014.

Ahead of the June primary election, the Southern California News Group compiled a list of questions to pose to the candidates who wish to represent you. You can find the full questionnaire below. City where you reside: Alhambra.

Ahead of the June primary election, the Southern California News Group compiled a list of questions to pose to the candidates who wish to represent you. City where you reside: Pacific Palisades, ahead of the fire; now, Westwood, Los Angeles. I’ m a Pacific Palisades fire survivor, father of two amazing sons, and a former senior lawyer with Amazon and Disney with over 30…

Ahead of the June primary election, the Southern California News Group compiled a list of questions to pose to the candidates who wish to represent you. You can find the full questionnaire below. Questionnaires may have been edited for spelling, grammar, length and, in some instances, to remove hate speech and offensive language.

BIRMINGHAM, Ala,—- ProAssurance Corporation, an industry-leading specialty insurer with extensive expertise in medical professional liability, today reported net income of $8.5 million, or $0.16 per diluted share, and operating income was $12.7 million, or $0.25 per diluted share, for the three months ended March 31, 2026. Operating performance continues to…

This case was brought by 60 homeowners who lost their homes in the devastating wildfires that occurred in southern California in January 2025. "Nearly 16 months after the Eaton and Palisades Fires, the homeowners who lost everything are still trying to rebuild their lives," said Deputy Assistant Attorney General Charlie Beller of the Justice Department's…

During the event,“ AM Best’s Analytical Briefing- The State of Florida Property Market,” a panel of AM Best analytical staff and industry experts discuss the current state of the Florida property market ahead of the 2026 hurricane season. Lauren Magro, senior financial analyst, AM Best Chris Dittman, executive managing director, Aon Dave Newell, vice president of…

California takes legal action against State Farm after investigation finds widespread mishandling of LA wildfire claims. State Farm policyholders filed approximately 11,300 residential claims related to the Los Angeles wildfires, nearly one-third of the 38,835 claims filed across all insurers, according to the department's official claims tracker.

State Farm could face millions of dollars in penalties and a possible temporary suspension of its license in California as a result of hundreds of alleged law violations related to its handling of claims from the Los Angeles County fires last year. "Our investigation found that State Farm delayed, underpaid, and buried policyholders in red tape at the worst…

The California Department of Insurance is hoping to level penalties against State Farm after it found the insurance company excessively denied, delayed and underpaid claims filed by survivors of the 2025 Los Angeles wildfires. In a legal document filed against State Farm, the department seeks millions of dollars in financial penalties, as well as a…

The state Department of Insurance is seeking as much as $4 million in penalties from insurance giant State Farm due to its alleged mishandling of claims filed by survivors of the January 2025 wildfires that swept through the Los Angeles area. The regulators, who launched their investigation into State Farm last summer, also are considering a temporary…