The latest news, regulation and trends in property & casualty insurance.
Today, Congresswoman Susie Lee joined the Nevada Division of Insurance, Nevada Property and Casualty insurance brokers, and industry professionals to discuss the challenges facing the insurance market and the impact on Nevada consumers. After bringing home over $7 million to make streets in southern Nevada safer, I'll continue to work with anyone to find…
But that's what happened over the last several weeks in New Orleans during the blockbuster trial of two attorneys who were at the center of a sprawling scheme to defraud trucking and insurance companies by conducting staged wrecks and then suing the big-rig firms for damages. What's more, this conspiracy operated alongside an ongoing debate about…
Montana home insurance costs spiked 18% in 2025, pushing the state's average annual premium up more than $300 by the end of last year, according to Insurify's 2026 Insuring the American Homeowner report. Wildfire risks have risen substantially in Montana. "We've seen over the last several years that homeowners insurance in Montana is getting more expensive,…
The combined bill now awaits Senate approval before being sent to Gov. Pritzker initially called for rate review authority over homeowners insurance last summer after Bloomington- based State Farm Insurance announced it was raising rates in Illinois an average 27.2%, citing losses it had incurred from weather-related disasters in the state.
*A bill giving the Illinois Department of Insurance authority to review and regulate premiums for both auto and homeowners insurance passed the House March 19 and now awaits Senate action. The combined bill now awaits Senate approval before being sent to Gov. Pritzker initially called for rate review authority over homeowners insurance last summer after…
For years, Florida journalists have done the job that the state’ s so-called insurance“ regulators” have not— trying to reveal what "s really going on with Florida" s insurance industry. 1) Many homeowners involuntarily became customers of start-up companies without proven track records, thanks to the state "s decision to offload customers of the state-run…
Traditional homeowners’ and renters’ insurance policies that are not accompanied by separate flood insurance would not cover claims for damage or destruction caused by floodwaters that came“ from the ground up,” said Sam Thomsen, investigations branch chief for the state Department of Commerce and Consumer Affairs. Homeowners could be compensated for…
–Home and auto insurance providers in Illinois could face new oversight and regulation after a Senate bill recently passed the House, despite concerns from Republican lawmakers and insurance industry groups. An agent for State Farm, Keicher said his concerns are only in the interest of his constituents. “My biggest concern as a member of the industry is…
Billed as an effort to tackle affordability issues in the state, a new proposal pitched last week by an Orange County legislator would offer a full state income tax deduction for homeowners insurance premiums. Editor "s note: Sacramento Snapshot is a weekly series during the legislative session detailing what Orange County" s representatives in the Assembly…
The following information was released by the office of the Governor of Hawaii:. With more severe weather in the forecast, the Hawai'i Department of Commerce and Consumer Affairs Insurance Division encourages residents to know what their policies cover so they can efficiently recover any losses after the storm passes. Flood insurance is separate from…
These preliminary results are detailed in a new Best’ s Special Report, titled,“ First Look: 2025 US Property/Casualty Financial Results,” and the data is derived from companies’ annual statutory statements received as of March 9, representing an estimated 96% of the P/C industry’ s net premiums written. The P/C industry also saw a 9% increase in net investment…
BOSTON& ZURICH—- Berkshire Hathaway Specialty Insurance today announced the introduction of two new Executive First D&O Liability Insurance policies in Switzerland: one tailored for commercial and industrial organizations and another for financial institutions and investment managers. In addition to Executive First D&O Liability Insurance, BHSI’ s…
OKLAHOMA CITY— The Oklahoma Insurance Department announced it has fined and revoked the license of Leslie Clark, a resident insurance producer from Stigler, following an investigation led by its Anti-Fraud Unit. This case began when Farmers Insurance Group filed a complaint on Dec. 5, 2024. Clark entered a check receipt for $6,885.00 into the insurer's…
Most people find it about as interesting as long division, or as Mike Fotis of Smart Money People put it: "The insurance industry is the boring uncle of the financial services family— a little drab and likely to be found in a basement…". This has been the case in Georgia over the past several years, thanks to insurance fraud, lawsuit abuse, natural disasters and…
Assemblymember Kate Sanchez has introduced AB 1620, legislation to provide relief for California homeowners by allowing a full state income tax deduction for homeowners' insurance premiums on a primary residence. California homeowners are facing rising insurance costs and fewer coverage options. "Homeowners across California are being pushed to the…
Recent wildfires in Nebraska have left many cattle operations facing urgent management decisions. Once humans are safe, producers should focus on three priorities: stabilizing livestock through health checks and access to clean water and feed, documenting losses and engaging with insurers and/or assistance programs and developing a grazing recovery…
2026 MAR 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“ CHUBB” by Jenifer DeWolf Paine Fish& Richardson P.C., representing The Chubb Corporation. This application was made available to the public on March 07, 2026.
Recent wildfires in Nebraska have left many cattle operations facing urgent management decisions. Once humans are safe, producers should focus on three priorities: stabilizing livestock through health checks and access to clean water and feed, documenting losses and engaging with insurers and/or assistance programs and developing a grazing recovery…
The following information was released by the American Optometric Association:. Cyber attacks are an increasingly common threat for optometric practices that rely on digital systems to store patient data and manage daily operations. Cyber liability insurance helps practice owners respond quickly to breaches by providing access to expert support,…
The following information was released by the Ohio State Medical Association:. In addition to House Bill 220 and House Bill 579, OSMA is tracking numerous other issues that had committee hearings this week:. OSMA submitted written proponent testimony for the second hearing of HB 682 in the House Insurance Committee this week.
