Property and Casualty News

While as the third most intense Atlantic basin storm on record— a Melissa gust above the ocean was reported at just over 250 mph— the storm system's U.S. impact was limited mostly to localized flooding, including in Connecticut. Travelers had the biggest book of homeowners insurance in Connecticut in 2024, according to data published by the Massachusetts- based…

Marsh McLennan Agency, a business of Marsh and a leading provider of business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions across the US and Canada, today announced the launch of Secure Harbor, a group captive insurance company designed specifically for skilled nursing, assisted living, and senior…

The following information was released by the Insurance Information Institute:. Winter storms swept through a large swath of the U.S. this weekend, bringing heavy snow, ice, and freezing temperatures, and leaving homeowners, drivers, and businesses to contend with property damage, financial losses, and other disruptions. In comparison, the 2021 Polar Vortex,…

The following information was released by the Montana Commissioner of Securities and Insurance:. Montana State Auditor and Commissioner of Securities and Insurance, James Brown, has been appointed to several influential National Association of Insurance Commissioners committees and task forces for 2026, keeping Montana at the forefront of national…

Alana Williams watched her medical malpractice insurance premiums nearly double between 2018 and 2023- from $44,908 to $77,394. When Williams stopped offering surgery in 2024, her premiums dropped to $16,463. But what was already expensive in New Mexico has become dramatically worse.

Do I need general liability insurance as a freelancer? General liability insurance is one of the first types of business insurance that self-employed people get. 62% of small businesses have this coverage— and for good reason. Whether you're a designer, writer, consultant, developer or any other type of freelance worker, general liability coverage could help…

Jan. 25— OLYMPIA— Washington state Insurance Commissioner Patty Kuderer heard similar stories from homeowners as she traveled the state. Marvin Lindberg, who attended a September town hall hosted by Kuderer in Spokane, was among those who were told their home was uninsurable. During the event, Lindberg said he and his neighbor had spent hundreds of thousands of…

New York households paid an estimated $1,935 on average for personal auto insurance in 2024, the highest level on record for the state and the fourth-highest expenditure nationwide, according to the Insurance Information Institute’ s latest Outlook, New York Personal Auto Insurance Premium and Cost Drivers.. Triple-I estimates New Yorkers allocated 2.23%…

According to Forbes’ ranking of Canada’s top employers, iA Financial Group ranks first among Canada’s largest publicly traded insurers. Forbes selected the 300 organizations with the highest scores. iA Financial Group ranks 1st among Canada’s largest publicly traded insurers. "We are extremely proud that iA Financial Group has been recognized by Forbes as…

Distinguished Programs, a national insurance program manager and MGA, has added a new Marine Cargo program led by industry veteran Ralph Salce. Ralph Salce will lead Distinguished’ s Marine Cargo program, offering comprehensive coverage for global transit and logistics exposures. “Expanding into Marine Cargo is a natural extension of our strategy to build…

Politicians all along the ideological spectrum are in agreement on the big issue now animating Americans: Stuff is too expensive. President Donald Trump, after mocking talk of "affordability" as a "hoax" last year, has pivoted to proff ering a slew of questionable, quick-fix policies to lower prices for Americans. In Illinois, Democratic House Speaker Emanuel "…

The following information was released by the Insurance Information Institute:. MALVERN, Pa., Jan. 26, 2026 New York households paid an estimated $1,935 on average for personal auto insurance in 2024, the highest level on record for the state and the fourth-highest expenditure nationwide, according to the Insurance Information Institute's latest Outlook,…

Higginbotham, a broad-based, employee-owned insurance, financial and HR services firm headquartered in Texas, has joined forces with Charter Energy, an independent firm based in Atlanta, Ga., that provides specialty insurance placement and risk management strategies for a global portfolio of energy, heavy industry and private equity clients.

Jilek believes a critical shortage of doctors in New Mexico is related to the state’ s medical malpractice environment, where liability insurance premiums for providers have risen far above the costs in many other states, malpractice claims resulting in high-dollar settlement payouts— on the rise for two decades— have spiked in recent years to record-high…

The National Weather Service warns that icy roads, snapped tree limbs and possible power outages are the biggest threats of this winter storm, along with pipes freezing as temperatures fall. Guidance from the Texas Department of Insurance shows that many types of winter storm damage are covered, but there are important exceptions to know before filing a claim.

After years of losses, fortunes have changed in boardrooms in Bermuda and London. An extraordinary spate of wildfires, hurricanes and other disasters wreaked havoc on the reinsurance industry for several years, spurring wide-reaching effects that included surging insurance bills for Louisiana homeowners. "Reinsurers have been doing well the past few…

Property insurance rates in Montana are increasing, advocates and insurance companies say, and the Legislature has been tasked to figure out why. The Legislature's Economic Affairs Interim committee, helmed by House Speaker Rep. Brandon Ler, has picked up the study.

Last year, my family paid $1,063/ month for coverage through New Mexico's health insurance exchange, BeWell. This year, when the federal subsidies expired, that premium would have jumped to $2,550/ month without the state stepping in. That's more than our mortgage, property taxes and homeowners insurance combined, resulting in an $18,000 annual increase.

While Hurricane Melissa caused extensive damage in Jamaica as the third most intense Atlantic basin storm on record— a Melissa gust above the ocean was reported at just over 250 mph— the storm system's U.S. impact was limited mostly to localized flooding, including in Connecticut. Travelers had the biggest book of homeowners insurance in Connecticut in 2024,…