Home insurance rates may be going through the roof, but State Farm has some good news for its auto insurance customers. State Farm will issue $5 billion in auto insurance dividends to its customers this summer, with a one-time payment of about $100 per vehicle, the Bloomington- based insurance giant announced Thursday. State Farm did not project the average size…
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Insurance affordability and accountability Many House members worked alongside Insurance Commissioner John King to develop a package of bills aimed at reducing Georgian’ s insurance premiums. House Bill 1344- Includes stronger fraud enforcement, storm claims protections, and increases more than 40 different fines the In- surance Commissioner can levy…
Jacksonville-based title insurer Fidelity National Financial Inc. increased fourth-quarter earnings despite a continued weak housing market. Adjusted earnings rose 4% to $382 million, or $1.41 per share, with revenue rising 12% to $4.05 billion. "Our title business is performing extremely well in what is still a low transactional environment," CEO Mike…
Combined with Winter Storm Fern, for which insured loss estimates have ranged between $4 billion to $7 billion, the first quarter of 2026 will prove to be an above-average quarter in terms of insured losses, albeit not as costly as the California wildfires of January 2025. “More-effective enterprise risk management practices played a large role in the…
The following information was released by the Natural Resources Defense Council:. The Insurance Information Institute estimates that the number of uninsured homes in the U.S. more than doubled between 2019 and 2023. An estimated 7% to 13% of U.S. homes are currently uninsured.
This year’ s legislative session was gaveled out at noon on Feb.19, and Democrats and Republicans are both declaring victory. The legislation, sponsored by former state representative and trial attorney Daymon Ely, a Democrat representing Bernalillo and Sandoval counties, resulted in skyrocketing malpractice insurance premiums for New Mexico physicians.
South Florida drivers are quick to tell stories about how much their car insurance has soared. Ron DeSantis said state regulators secured nearly $1 billion in premium refunds for Progressive auto insurance policyholders in the state. Erly in February, Cassidy Katherine Rae Caraker noted that she had received a $769 credit covering her February and March…
South Florida drivers are quick to tell stories about how much their car insurance has soared. Ron DeSantis said state regulators secured nearly $1 billion in premium refunds for Progressive auto insurance policyholders in the state. Erly in February, Cassidy Katherine Rae Caraker noted that she had received a $769 credit covering her February and March…
Jeff Landry is asking the state-created Louisiana Workers’ Compensation Corp. to use its balance sheet to help pay for stronger roofs for homeowners in a bid to alleviate a homeowners insurance crisis that has proved an enduring political problem. But the Louisiana Department of Insurance spends about $30 million a year on grants to homeowners to help put…
Could AI claims settlement without a lawyer become the new norm?
A look at AI-to-AI claims settlement and what it could mean to policyholders.
The high-profile abduction of Nancy Guthrie is focusing new attention on a little-known, but quickly growing, segment of the insurance industry known as "kidnap and ransom" in which underwriters cover clients at risk from criminals at home and abroad. As of Monday, the fate of Nancy Guthrie remained unknown. The FBI describes the prime suspect as a male between 5…
U.S. insurers remain optimistic about investment conditions for 2026, even as they anticipate a more challenging macroeconomic environment marked by higher inflation, liquidity risk and lower Fed interest rates, according to the new annual Conning Insurance Investment Risk survey.
Bowhead Specialty Holdings Inc., a specialty lines insurance group focused on providing casualty, professional liability and healthcare liability insurance products, delivered through complementary“ craft” and“ digital” underwriting models, today announced financial results for the fourth quarter and year ended December 31, 2025.
AM Best is revising its outlook for Germany’ s non-life insurance segment to stable from negative. In addition, AM Best notes that Germany’s property insurance market remains subject to volatility in results due to its exposure to losses from extreme weather events. Headquartered in the United States, the company does business in over 100 countries with…
Real estate transactions have a lot more insurance possibilities than the basic homeowner's policy. Last year the Nevada Legislature passed a bill allowing home insurance companies to exclude wildland fires from the coverage on your house if they choose to. Wildland fire scares are making the insurance industry difficult to deal with in many…
ProAssurance Corporation, an industry-leading specialty insurer with extensive expertise in medical professional liability, today reported net income of $33.4 million, or $0.64 per diluted share, and operating income of $42.4 million, or $0.82 per diluted share, for the three months ended December 31, 2025. Operating performance continues to demonstrate…
American Integrity Insurance Group, Inc., a Tampa- based property and casualty insurance holding company, today announced that Jon Ritchie, President, and Ben Lurie, Chief Financial Officer, will participate in a fireside chat at the 47th Annual Raymond James Institutional Investors Conference on Monday, March 2, 2026, at 9:50 a.m. ET. About American Integrity…
The U.S. property/casualty industry produced its strongest performance of the past decade in 2025, reflecting the combined benefits of improved pricing and investment income, offsetting persistent pressure on claim costs and liability-driven volatility, according to a new AM Best report. The annual Review& Preview Best’ s Market Segment Report,“ Rate…
Two community organizations and two businesses that suffered Maui wildfire losses have petitioned the Hawaii Supreme Court to dismiss an insurance industry lawsuit on appeal that's delaying distribution of a $4 billion settlement to victims. The petition follows a Hawaii Supreme Court decision Tuesday that represented a second ruling in two years by…
The following information was released by the office of the Governor of New York:. Governor Kathy Hochul today unveiled support from local electeds, union leaders, business and community organizations, and nonprofits behind her proposals to lower the cost of auto insurance. Governor Hochul's smart, targeted, and commonsense auto insurance reforms are…
