Property and Casualty News

State Farm is shelling out $5 billion in payments to its auto insurance customers. Each payout is based upon a percentage— ranging from 4% to 10%— of the premium paid for qualifying policies in 2025, according to State Farm. State Farm is a mutual insurance company, which means it's made up of members, instead of shareholders. "

The Michigan Department of Insurance and Financial Services joined 48 state financial regulatory agencies in reaching a $15.5 million settlement with mortgage servicer NewRez for improperly imposing "force-placed" insurance costs on borrowers who already had active homeowners insurance policies. Under the terms of the settlement, Fort Washington,…

The honor is the latest among 10 awards Openly has earned in 2026, including three sole- category product wins and individual recognition for a member of its claims team. The PropTech Breakthrough Awards, now in their fifth year, are part of the Tech Breakthrough platform and evaluate property technology companies, products, and services from around the world.

As Washington state reels from a devastating wildfire that destroyed hundreds of homes in Spokane, experts say the disaster has cast newfound uncertainty over a property insurance market that had just begun to stabilize. In some places, such as California, those trends have triggered a full-blown crisis, with private companies abandoning disaster-prone…

Your personal car insurance covers a rental car on a U.S. vacation with the same liability, collision and comprehensive coverage you already carry on your own vehicle. That is one reason just 10% of renters buy insurance at the rental counter, according to a July 2024 Consumer Reports survey of more than 6,000 members. That protection carries the same deductible…

State Farm has begun issuing $5 billion in dividends to customers who held auto insurance policies with the company in 2025.. Payments average $100 per vehicle, State Farm said. State Farm is the largest car insurer in Washington state and 28 other states, according to data from the National Association of Insurance Commissioners.

State Farm has begun issuing $5 billion in dividends to customers who held auto insurance policies with the company in 2025.. State Farm is the largest insurer in California. Payments average $100 per vehicle, State Farm said.

The inland marine line of insurance coverage continues to outperform the broader U.S. property/casualty sector on underwriting, while any premium growth remains limited and largely driven by inflationary factors and ancillary coverages, according to the new AM Best report. Inland marine underwriters have consistently reported lower calendar year loss…

Wawanesa General Insurance has changed its name to W Insurance, introducing a simpler, more modern brand while honoring the company’ s heritage. W Insurance is headquartered in San Diego and licensed to offer insurance in California. As W Insurance, the company remains guided by its purpose, vision, and values.

Oregon Mutual Insurance Company today announced the appointment of June Holmes to its Board of Directors, effective August 5, 2026. Holmes brings more than 40 years of experience in the property and casualty insurance industry, including executive leadership, senior operating, financial, and governance responsibilities at the American Property Casualty…

When insurance payments rival the mortgage: Inside the 2026 homeowners insurance squeeze. Homeownership seems to promise stability, with predictable monthly mortgage payments and protected assets. To learn more about how policyholders are handling this financial pressure, SoFi surveyed 520 homeowners around the nation on April 13, 2026.

OKLAHOMA CITY— More is being revealed about the thousands of lawsuits against State Farm and Allstate, alleging both insurance companies profited off of policyholders through underpaying and denying claims. JC Hallman, an investigative reporter with Oklahoma Watch, broke the initial story about State Farm hearings that would eventually lead to the…

California voters are facing a number of significant races in the general election ranging from the high-profile contest to fill an open governor’ s seat to an initiative that could limit local tax increases. As many beleaguered homeowners know, California’ s property insurance market has been in a free fall since 2023, after State Farm— the dominant…

The August issue of Best’ s Review includes the following exclusive rankings:. Largest Latin American Insurers– Ranked by 2025 Gross Premiums Written US Pet Insurance Plans– Ranked by 2025 Direct Premiums Written US Property/Casualty– Ranked by 2025 Direct Premiums Written by Line US Total Auto– Ranked by 2025 Direct Premiums Written US Commercial Multiperil–…

North Dakota is part of a multistate $15.5 million settlement with one of the nation’ s largest mortgage servicers. Pennsylvania- based NewRez LLC improperly imposed“ force-placed” insurance costs on more than 4,200 borrowers who already had active homeowners insurance policies, according to the state Department of Financial Institutions.