The latest news, regulation and trends in property & casualty insurance.
The 5th Circuit affirmed Liberty Mutual’s victory in a coverage dispute over a fatal Texas pileup, while leaving indemnification unresolved.
J.D. Power found that total losses account for 26% of auto insurance claims, with a quarter of borrowers receiving payouts below their outstanding loan balances.
TALLAHASSEE, Fla. — Florida Insurance Commissioner Mike Yaworsky has approved several personal auto insurance rate decreases for the USAA Group,…
Democratic challenger Kevin Redmon outraised Republican Commissioner JoAnn Birrell overall in the race for the Cobb County District 3 seat, following the last campaign finance reporting period before the election. Redmon's largest contributor this period was $2,500 from Daniel Matalon, CEO of A 2nd Chance Bail Bonds, which has an office in Cobb County.
An annoying, persistent myth of climate discourse is the idea that trying to stop the planet from becoming a charred hellscape is antithetical to the affordability of life’ s basic needs. In fact, in two-thirds of U.S. counties, home-insurance premiums now cost more than property taxes, according to new research from Bloomberg Intelligence analyst Andrew John…
BLUEFIELD— Motorists traveling along city streets in Bluefield will want to make sure their vehicle insurance is up to date. Mayor this is a second reading of our city ordinance that defines consistency with state law requiring the obligation for motorists to carry in the vehicle he or she is operating a proof that they have a liability insurance as required by…
*Tom McInerney will retire as leader of Genworth Financial at year-end. Tom McInerney will retire as president and CEO of Fortune 1000 insurer Genworth Financial at the end of the year, according to a Friday announcement. Angela Simmons, currently chief financial officer of Genworth's Closed Block, is expected to become executive vice president and chief…
Josh Shapiro signed Oct. 22, according to the General Assembly's bill records, WHYY and Insurance Journal. The new law adds five items, according to WHYY, Insurance Journal and the bill text:. The law also directs the Pennsylvania Insurance Department to publish information on flood zones, flood insurance and ways to reduce flood damage, according to the bill text…
Josh Shapiro signed House Bill 1704 into law to help Pennsylvania's homeowners understand potential flood risk during the home-buying process and protect against catastrophic loss. Perry Warren, D- Bucks, implements a key recommendation of the Pennsylvania Flood Insurance Premium Assistance Task Force, which provided recommendations to Governor…
Starr Chile is an affiliate of Starr International Group, which on a consolidated basis has a balance sheet strength that AM Best assesses as strongest, as well as adequate operating performance, favorable business profile and appropriate enterprise risk management. Starr Chile is a property/casualty insurer, established in Santiago, Chile, in 2016, as part…
There has been no shortage of warnings, from declared states of emergency by the governor and San Diego mayor to multiple weather advisories. Even without an El Niño condition, an analysis by climate risk financial modeling firm First Street found that 9,425 properties, or 3.5%, in San Diego are at risk of flooding over the next 30 years, due to various kinds of…
California’ s insurance commissioner and other experts warn that eliminating the ability of insurers to recover money after utility-caused wildfires could destabilize the state’ s fragile market for homeowner coverage. “We’ re in a very shaky, shaky place right now,” said Nancy Watkins, a consulting actuary at Milliman, during a joint hearing Thursday of the…
Data from the nonprofit Identity Theft Resource Center's 2025 Business Impact Report found that 81% of small businesses surveyed reported a security breach, a data breach, or both in the last year. Cyber liability insurance could help protect small businesses from some of the costs of data breaches, ransomware or hacking. And the Identity Theft Resource…
An annoying, persistent myth of climate discourse is the idea that trying to stop the planet from becoming a charred hellscape is antithetical to the affordability of life's basic needs. In fact, in two-thirds of U.S. counties, home-insurance premiums now cost more than property taxes, according to new research from Bloomberg Intelligence analyst Andrew John…
The 5th Circuit affirmed Liberty Mutual’s victory in a coverage dispute over a fatal Texas pileup, while leaving indemnification unresolved.
As we close in on the general election, many contemporary issues are on people's mind. However, climate tends not to be on the forefront. Of the top 10 issues polled in the last election cycle, climate change was #10 with only 37% of all voters rating it as a very important issue.
LEWISBURG— Flood insurance premiums in Lewisburg are set to be discounted by 15 percent. Shannon Berkey, the community development grant manager in Lewisburg, said the borough was recently informed by the Department of Homeland Security and Federal Emergency Management Agency that the borough will increase to a Class 7 in the National Flood Insurance…
Porch Group, Inc. (NASDAQ: PRCH), a homeowners insurance company, announced on October 28, 2026 third quarter revenue of $143.9 million, up 13% from a year earlier. The company also raised its full-year 2026 outlook for Porch-owned segments and shared early 2027 targets that include its pending acquisition of Allied Trust. Third Quarter Results Revenue from…
The post Porch Group Raises 2026 Outlook as Insurance Services Revenue Climbs 39% in Third Quarter appeared first on PRISM MarketView.
Rising home insurance costs are a top affordability concern for voters heading into the 2026 midterm elections. Some polls show voters are now more worried about their insurance bills than their taxes. Sixty-five percent of likely voters consider homeowners insurance costs important to their ability to buy a home or afford the one they already own,…
The majority of homeowners either don't think climate change is behind increased homeowners insurance rates, or aren't sure if there's a connection, according to the 2026 Insurance and Climate Change survey conducted by Insurance.com. A 2024 Congressional Budget Office report found that climate change is straining insurers' resources, resulting in rate…
When someone in your family passes away, it can trigger a cascade of financial complications, including insurance concerns, at a difficult time when you're least prepared to handle them. Life and health insurance policies take priority, but don't overlook your loved one's homeowners insurance. Many families don't realize that a homeowners policy may not…
Rainier Partners, a private equity firm investing in lower middle-market services businesses, is pleased to announce its investment in Apex Insurance Services, a leading multi-brand managing general agency platform focused on the Texas non-standard auto insurance market. Headquartered in Richardson, Texas, Apex manages five MGAs— Apollo MGA, Apollo…
The following information was released by the U.S. Department of Agriculture:. Niobrara County and all surrounding counties have triggered for additional transportation of feed, livestock and water for the 2026 calendar year. Niobrara County and all surrounding counties have also triggered for the Livestock Forage Program for grazing losses due to…
