The following information was released by the office of the Governor of Texas:. Governor Greg Abbott today directed the Texas Department of Insurance to take several actions that put consumers first and make property and casualty insurance more affordable for Texans who invest in their homes. The average annual homeowners insurance premium in Texas has…
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Aug. 23— Soon after the Plains Township zoning/hearing board allowed an Allentown- based music promoter to host a concert at Pocono Downs, tickets went on sale. The promoter was mandated to have one security officer per 100 concert-goers and have a $1 million umbrella liability insurance policy to protect Plains Township from any liability related to personal…
How different types of auto insurance coverage compare. Choosing the right auto insurance is important for many reasons. To compare the different types of auto insurance and help you choose the best one for your needs, explore this guide from AAA Central Penn.
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Jet Insurance Company. Jet’ s predecessor was acquired by Amherst Specialty Insurance Company on Dec. 15, 2025. As part of the transaction, Jet’s management team formed Apex Insurance Company, which was renamed Jet Insurance Company, and completed a loss portfolio…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of OneNexus Oklahoma Captive Corp.. In 2023, OneNexus began providing contractual liability insurance policies for its direct parent, OneNexus, LLC. OneNexus, LLC enters into agreements with energy companies to cover costs associated with decommissioning…
If you visit the Sacramento County courthouse, chances are you will see at least one member of the Padilla family in a freshly-pressed suit, watching arraignment court. It’ s a legacy that might come to a screeching halt in light of a new California Supreme Court decision that mandates judges set bail at an amount that is“ reasonably attainable” for defendants.
Homeowners accuse Texas windstorm insurer of secretly reducing claims
Plaintiffs, who seek class-action status, allege that TWIA and the adjusting firms secretly altered damage estimates after inspections.
State Farm is shelling out $5 billion in payments to its auto insurance customers. Each payout is based upon a percentage— ranging from 4% to 10%— of the premium paid for qualifying policies in 2025, according to State Farm. State Farm is a mutual insurance company, which means it's made up of members, instead of shareholders. "
The Michigan Department of Insurance and Financial Services joined 48 state financial regulatory agencies in reaching a $15.5 million settlement with mortgage servicer NewRez for improperly imposing "force-placed" insurance costs on borrowers who already had active homeowners insurance policies. Under the terms of the settlement, Fort Washington,…
How the AI arms race could drive insurance M&A deals
The ability, or inability, of insurance companies to successfully adopt and scale artificial intelligence could be a driver of merger and acquisition activity over the next 12 months, said Mark Friedman, PwC partner and US insurance deals sector leader.
State Farm admits AI fake cases in LA lawsuit
Lawyers for a Los Angeles firm representing State Farm in a lawsuit involving the rebuilding of a home after a fire have apologized for artificial intelligence hallucinations in their filings. The homeowner's lawyers discovered in motions filed by State Farm "cases that do not exist, quotes that do not exist, and holdings that do not exist," according to a filing…
The honor is the latest among 10 awards Openly has earned in 2026, including three sole- category product wins and individual recognition for a member of its claims team. The PropTech Breakthrough Awards, now in their fifth year, are part of the Tech Breakthrough platform and evaluate property technology companies, products, and services from around the world.
As Washington state reels from a devastating wildfire that destroyed hundreds of homes in Spokane, experts say the disaster has cast newfound uncertainty over a property insurance market that had just begun to stabilize. In some places, such as California, those trends have triggered a full-blown crisis, with private companies abandoning disaster-prone…
Your personal car insurance covers a rental car on a U.S. vacation with the same liability, collision and comprehensive coverage you already carry on your own vehicle. That is one reason just 10% of renters buy insurance at the rental counter, according to a July 2024 Consumer Reports survey of more than 6,000 members. That protection carries the same deductible…
State Farm has begun issuing $5 billion in dividends to customers who held auto insurance policies with the company in 2025.. Payments average $100 per vehicle, State Farm said. State Farm is the largest car insurer in Washington state and 28 other states, according to data from the National Association of Insurance Commissioners.
State Farm has begun issuing $5 billion in dividends to customers who held auto insurance policies with the company in 2025.. State Farm is the largest insurer in California. Payments average $100 per vehicle, State Farm said.
The inland marine line of insurance coverage continues to outperform the broader U.S. property/casualty sector on underwriting, while any premium growth remains limited and largely driven by inflationary factors and ancillary coverages, according to the new AM Best report. Inland marine underwriters have consistently reported lower calendar year loss…
Wawanesa General Insurance has changed its name to W Insurance, introducing a simpler, more modern brand while honoring the company’ s heritage. W Insurance is headquartered in San Diego and licensed to offer insurance in California. As W Insurance, the company remains guided by its purpose, vision, and values.
Oregon Mutual Insurance Company today announced the appointment of June Holmes to its Board of Directors, effective August 5, 2026. Holmes brings more than 40 years of experience in the property and casualty insurance industry, including executive leadership, senior operating, financial, and governance responsibilities at the American Property Casualty…
Are lawyer-certified AI agents ‘the future’ of commercial insurance?
Qumis just released a suite of lawyer-trained artificial intelligence agents across 16 areas of insurance, a move cofounder and chief technology officer Shiv Sinha is calling “the future” of commercial insurance coverage.
