Successful reforms targeting medical malpractice in 1975 and workers' compensation in 1991 solved Louisiana's insurance crises of those times. In 1975, Louisiana enacted medical malpractice reform legislation aimed at addressing the escalating costs and diminishing availability of medical malpractice insurance. In 1991, Louisiana passed…
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FINDLAY— The Hancock County Fair Board neglected to pay a $46,000 liability insurance premium on time, a lapse that raised concern among county commissioners about potential legal exposure. At the Nov. 20 meeting of the Hancock County Board of Commissioners, Commissioner Jeff Hunker said he had received a call from an insurance agent asking Hunker for help…
After a 43- day lapse triggered by the federal government shutdown, the nation's flood insurance program has been reauthorized until Jan. 30, 2026. With a looming deadline and no easy fix, experts warn that another lapse could leave millions of high-risk properties in limbo or uninsured, including in North Carolina. Periodically, Congress must renew NFIP's…
Even after she escaped rising floodwaters by wading away from her home in chest-deep water during Hurricane Rita in 2005, Sandra Rojas, now 69, stayed put. A fifth-generation resident of Lafitte, Louisiana, a small coastal community, she raised her home with stilts. But this year, her annual home insurance premium increased to $8,312, more than doubling over the…
2025 NOV 27– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on Sustainability Research- Sustainable Development have been published. According to news reporting originating in Beijing, People’ s Republic of China, by NewsRx journalists, research stated,“ Focusing on Chinese non-financial listed companies, this paper…
Farmers Insurance has officially ended its cap on new home insurance policies in California, the insurer announced on Nov. 21, 2025. "By removing the cap on offering new homeowners policies, Farmers is doubling down on its commitment to California homeowners, expanding choice and availability for consumers across the state," Behram Dinshaw, the insurer's…
Progressive will issue a refund to many of its 2.7 million Florida car insurance customers in 2026. Each eligible Progressive car insurance customer will receive an average of $300 per vehicle in refund credits or as a check, according to Florida Gov. The insurance reforms appear to be working, as Florida has seen a decline in average car insurance rates this…
The following information was released by the California Secretary of State:. California Secretary of State Shirley N. Weber, Ph.D., announced that the proponents of a new initiative were cleared to begin collecting petition signatures on November 25, 2025. Insurers that do not offer insurance for such properties cannot sell automobile or home insurance in…
The following information was released by FEMA:. New flood maps have been finalized and will become effective on May 26, 2026, for Sabine County, Texas. Residents with federally backed mortgages must have flood insurance if their structures are in the Special Flood Hazard Area.
After a long run, home insurance price increases in Florida slowed to a near halt between August and September, raising the question: Now will prices go down? Statewide average costs for all-perils coverage of owner-occupied homes increased by $1 between August and September, from $3,747 to $3,748, according to the South Florida Sun Sentinel "s analysis of the…
Azuga, a Bridgestone company and a leader in fleet management, video telematics and safety solutions, published its new whitepaper, The Case for Dashcam-based Commercial Auto Insurance. Drawing on data from thousands of fleets and deep experience with insurers, the paper examines how connected dashcams are helping insurers address rising claim costs, fraud,…
The downgrade knocked State Farm, the country's largest property and casualty insurer by market share, from the very top of AM Best's rating scale to A+. For example, even a 0.10%– 0.25% increase in the cost of borrowing for a company the size of State Farm could cost it billions annually. Poor timing for State Farm leadership.
How cyber insurance will connect consumers and insurers
Several trends are on track to converge in 2026 and boost the perceived value of personal cyber coverage.
The Federal Emergency Management Agency has delivered preliminary flood maps for Butte County and the City of Chico, California. Before the new Flood Insurance Rate Maps become effective, there is a 90- day appeal period from December 3, 2025, toMarch3, 2026.. Officials from FEMA and Butte County worked together to provide updated information that accurately…
CEDAR RAPIDS— The City of Cedar Rapids' housing and nuisance manager pleaded guilty last week for submitting a forged receipt for pet medications to an insurance company and received a deferred judgment Tuesday. Buelow received a deferred judgment and "probation monitored for compliance" on Tuesday, according to an order by 6th Judicial District Judge…
While Farmers has continuously offered homeowners insurance to consumers in the state, prior to today’s announcement, Farmers homeowners offerings had been capped at 9,500 new policies per month.
A recap of the the National Council of Insurance Legislators annual meeting.
Shares of Loews Corporation (NYSE: L) traded at a new 52-week high today and are currently trading at $107.52. So far today, approximately 95,522 shares have been exchanged, as compared to an average 30-day volume of 727.75k shares. Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers […]
Zachary Norton, 38, is charged with driving while impaired, no liability insurance, failure to display registration plate and a brake light equipment violation, the Morganton Department of Public Safety said in a news release. Morganton police officers saw a lawnmower driving along East Union Street near East Fleming Drive shortly before 9 p.m. Wednesday.
Georgia drivers saw rising auto insurance bills in recent years, yet the industry was not seeing gains, an advocate told state lawmakers. Companies offering commercial, health and life insurance were posting ever higher pre-tax operating gains, but not those in the auto and home insurance segments, said Robert Passmore of the American Property Casualty…
