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,…
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Insurance industry is healthy but uncertain in 2026
Insurance industry CEOs are positive, despite being challenged by implementing artificial intelligence and dealing with a shrinking workforce.
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,…
State Farm Mutual Automobile Insurance Company CEO Jon Farney wrote Pritzker on Wednesday to push against legislation aimed at reining in insurance premium price hikes— a measure Farney said would“ destroy Illinois’ current healthy insurance market.” Pritzker and other Springfield Democrats have been seeking a legislative remedy to State Farm insurance…
2026 JAN 23– 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“ EVERY DAY, A DAY TO DO RIGHT” by Cedric DeLaCruz The Hartford Financial Services Group, Inc., representing Hartford Fire Insurance Company. The registrar…
Kathy Hochul is pledging to crack down on auto insurance fraud, including "runaway litigation" and staged accidents, that state officials say drive up rates for drivers. The governor also said she plans to take action against New York drivers who illegally register their vehicles in other states, which she said artificially decreases their coverage and raises…
The National Flood Insurance Program is facing another funding freeze that could leave millions of high-risk properties in limbo or uninsured, including in North Carolina. Unless reauthorized or amended by Congress, NFIP cannot issue or renew policies, potentially stalling tens of thousands of home closings each month, experts warn. "It's my hope that…
With her final 30- day legislative session underway at the Roundhouse, Lujan Grisham described New Mexico's current medical malpractice system as broken and said she's prepared to go to the mat to ensure changes are made. "I am not leaving this job— and there's a looming expiration date— without medical malpractice reform," Lujan Grisham told the Journal in an…
Winter Storm Fern comes with billion-dollar threat to property insurers
Winter Storm Fern is gathering power and set to unleash potentially billions in property damage and devastation across middle America. Are insurers ready?
Congressman MikeFlood releaseda statement following the FinancialServices Committee's passage of the bipartisan' TRIA Program Reauthorization Act of 2026.' Congressman Flood is the original sponsor of the bill, which extends authorization of the Terrorism Risk Insurance Program through 2034. Congressman Andrew Garbarino, Congressman…
First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, today announced the company now offers its customers a free property title monitoring and fraud alert service, providing an important layer of protection for homeowners amid rising…
Lemonade, the digital insurance company powered by AI and social impact, today announced the launch of Lemonade Autonomous Car insurance, a first-of-its-kind product designed specifically for self-driving cars, starting with Tesla FSD. Lemonade expects further reductions as Tesla releases FSD software updates, which are anticipated to make the cars even…
The following information was released by the office of the Governor of New York:. These proposals build on Governor Hochul's ongoing efforts to make the state more affordable and put money back into the pockets of hardworking New Yorkers. "Since taking office, my top priorities have been to make New York more affordable and protect New Yorkers and that's why I…
Napa County wants Washington and Sacramento to hear its voice on such issues as health care changes, soaring fire insurance rates and possible Pacific Gas& Electric Co. rate hikes. The federal spending bill passed in 2025 affects Medicaid, called Medi-Cal in California, with the White House's stated goal being the reduction of waste, fraud and abuse.
