Property and Casualty News

Progressive, one of the nation "s top auto insurance companies, plans to return nearly $1 billion to Florida policyholders, Gov. "The dispute would be over, like, $50,000, and then the lawyer ends up getting like $350,000. In late July, Progressive stated in a filing to shareholders that, thanks to the reforms, premiums collected from its policyholders could exceed…

The following information was released by Consumers Union:. The growing number of extreme weather events, combined with inflation and rising construction costs, have destabilized the home insurance market. "This Bill of Rights lays out the basic, common-sense protections every homeowner should be guaranteed," said Alexandra Grose, senior counsel for…

NJ 6th District Congressman's bill would stabilize FEMA's National Flood Insurance Program, which remains frozen during Republican shutdown. WASHINGTON, D.C. Congressman Frank Pallone, Jr., Ranking Member of the House Energy and Commerce Committee, said the Republican government shutdown underscores the urgent need for his new National Flood Insurance…

California state Insurance Commissioner Ricardo Lara’ s office has pushed back against criticisms about Lara’ s world travel over the past six years, contending that all the trips– to South America, Europe, Africa, Dubai– were directly related to his duties and helped to protect California consumers. In July, a former state Department of Insurance and Department…

They are the lead state agency responsible for helping cities and counties identify and reduce their flood risks, comply with Washington's floodplain management laws, and maintain enrollment in the National Flood Insurance Program administered by the Federal Emergency Management Agency. As part of Flood Awareness Month, they are partnering with…

2025 OCT 20– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ TWIG” by Randel S. Springer Womble Bond Dickinson LLP, representing AssuranceAmerica Corporation. This application was made available to the public on October…

As catastrophic wildfires spur insurance companies to raise homeowner premiums and drop thousands of policyholders across California, the industry has blamed climate change for fueling the blazes. The California Department of Insurance, led by Commissioner Ricardo Lara, said it has no plans to pursue regulation to force insurers to divest.

County commissioners voted unanimously on Wednesday, Oct. 15, to eliminate floodplain construction requirements adopted two decades ago after FEMA threatened to withhold federally subsidized flood insurance due to the county's failure to prevent illegal living space in unincorporated Monroe. Monroe County Administrator Christine Hurley and staff…

California has approved a package of new laws meant to stabilize the state "s faltering home insurance market and help property owners protect their homes from wildfires and recover when they lose everything in a blaze. The legislation, signed by Gov. Gavin Newsom this month, is the state "s latest effort to tackle an insurance crisis that" s left thousands of…

New York drivers, already grappling with a high cost of living, are now facing a new financial pressure point: rapidly escalating auto insurance premiums. According to expert analysts at Bankrate, New Yorkers pay an average of $4,031 annually for full-coverage auto insurance– nearly $1,500 above the national average of $2,679. For drivers from Buffalo to…

CONNEAUT— City council voted to amend demolition fees at a Tuesday meeting after a request from General Electric. Conneaut City Manager Nick Sanford said the ordinance caps the fee at $20,000 and requires bonds and general liability insurance to the benefit of the city in relation to environmental concerns after demolition at post-industrial sites.

With the threat of mudslides and debris flow following today's atmospheric river, Insurance Commissioner Ricardo Lara today reminded consumers to check their home or rental insurance policies. Insurance companies have a legal duty to cover damage from any mudslide, debris flow, or similar disaster that is caused by the recent statewide wildfires that may…

BLOOMINGTON— The Illinois Attorney General's Office has filed suit against State Farm alleging the insurance giant has refused to comply with regulatory examination into its homeowners insurance policy. As part of its examination, IDOI seeks nationwide data about State Farm's homeowner policies, including the total premiums collected by State Farm, the…

The following information was released by the National Association of Mutual Insurance Companies:. After more than two weeks of a government shutdown, the National Association of Mutual Insurance Companies again urged Congress today to keep its promise to Americans and reauthorize the National Flood Insurance Program. As were seeing from Alaska and…

Everest Group, Ltd., a global underwriting leader providing world-class property, casualty, and specialty reinsurance and insurance solutions, today announced the appointment of Anthony Vidovich as Executive Vice President and General Counsel, effective on or before January 5, 2026. Mr. Vidovich will report to Jim Williamson, Everest’ s President and Chief…