Fire mitigation tops the list for Don Moore, a write-in candidate for Teller County commissioner. More than just one issue, Moore views the efforts as all-encompassing: forest health, which leads to reduced homeowners' insurance rates and home prices. Co-owner with his late wife, Toni Moore, of three homes on 100 acres in Teller County, Moore recently got a $17,000…
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Insurance companies are starting to write new policies in California again after years of holding back as wildfire risk climbed higher. The state Insurance Department says that means outgoing Commissioner Ricardo Lara's new regulations, intended to boost insurance availability, are working. Ben Armstrong, Consumer Watchdog's actuary, is tracking…
There is no greater looming threat to affordability in California than its home insurance crisis. Meanwhile, homeowners throughout the region— from rural Sonoma County to suburban San Jose— have been pushed into the FAIR Plan, the state's high-risk pool offering expensive, limited coverage. With the Nov. 3 election approaching, California voters must…
Florida has the highest average home insurance premium in 2026, according to new Insurance.com data fielded by Quadrant Information Services; rates climbed to $8,471 per year for a policy with $300,000 in dwelling coverage, $300,000 in liability, a $1,000 deductible and a 2% hurricane deductible. *Florida has the most expensive home insurance in the country…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of the property/casualty and life/health members of Horace Mann Educators Corporation. The group entered into two separate agreements with Medical Mutual of Ohio to acquire Employee Services, LLC and Reserve National Insurance Company, and to reinsure…
Home insurance companies chose to not renew 2.02 million policies in 2024, a nearly 61% increase from the year before, when they non-renewed about 1.26 million policies, according to a new National Association of Insurance Commissioners report. "Non-renewals have gone from an occasional headache to a recurring part of the week," independent agent Tom…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Tokio Marine& Nichido Fire Insurance Co., Ltd. and its subsidiaries. The group’ s economic solvency ratio was 268% as of 31 March 2026, well above its target range and the 100% regulatory requirement under Japan’ s new economic value-based solvency regime.
Insurance companies are starting to write new policies in California again after years of holding back as wildfire risks climbed higher. The state Insurance Department says that means departing Commissioner Ricardo Lara's new regulations, intended to boost insurance availability, are working. Ben Armstrong, Consumer Watchdog's actuary, is tracking…
Florida homeowners aren’ t buying it. Most homeowners– Democrats and Republicans alike– say the state’ s vaunted 2022-23 property insurance overhaul has primarily benefited the insurance industry, not the consumers who were promised relief. Those are the key findings of a landmark survey of 1,511 Florida property insurance policyholders by the South Florida…
Ten days ago, the Florida Senate demanded that the Orlando Sentinel and South Florida Sun Sentinel destroy a long-hidden state report detailing property insurers’ payments of millions to sibling companies whose profits remained secret. The existence of the 2022“ Affiliated Fee Analysis” of insurer profits and losses, performed for the state Office of…
Tesla Insurance blocked as NY regulators examine connected-car coverage
New York regulators rejected Tesla Insurance’s proposed auto program, raising questions about telematics and eligibility rules.
Could AI in insurance drag employee morale down?
Fears about being replaced by artificial intelligence could be sucking morale out of today’s insurance workforce, as a Glassdoor report found that more than 80% of employee reviews that specifically mentioned AI in insurance were negative.
AM Best- rated U.S. property/casualty mutual insurance organizations marked one of the more successful years in recent history for the segment, with net income doubling year over year to $42.6 billion, as efforts to combat post-pandemic inflation and a volatile operating market came to fruition. According to the new Best’ s Market Segment Report,“ Mutual…
These companies are collectively referred to as Assurant P&C Group. At the same time, AM Best has affirmed the Long-Term ICR of“ a-”, all associated Long-Term Issue Credit Ratings, indicative Long-Term IRs and the Short-Term IR of Assurant. Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICRs of“ a” of Assurant’ s credit and life/health subsidiaries:…
–Two men accused of staging automobile crashes in New York City have received their prison sentences as new reforms proposed by Gov. Those measures seek to lower the nation’ s highest auto-insurance premiums and allow prosecutors to seek criminal penalties against any individual responsible for a staged accident instead of just the driver.
The company is jointly owned by Samsung Fire& Marine Insurance Co. Ltd., Shenzhen Tencent Domain Computer Network Company Limited, and four minority shareholders. The company also benefits from the distribution capabilities and extensive market outreach of Tencent Domain’ s affiliated online platforms and overall management oversight.
A broad-based coalition of more than 16 established public adjusters, insurance attorneys and prominent industry professionals announced the creation of a formal Public Adjusting Code of Professional Conduct.
Jeff Landry announced Monday that the state plans to redirect $20 million in federal funding originally meant for affordable housing to instead launch another fortified roof grant program for homes impacted by recent hurricanes. After storms in 2020 and 2021 caused homeowners insurance rates to shoot up, especially in coastal Louisiana, fortified roofs…
Nevada drivers pay some of the highest car insurance rates in the nation, and the state's top insurance regulator says the drivers themselves are largely to blame. Full-coverage car insurance, which combines liability, collision and comprehensive protection, averages $259 a month in Nevada, according to the insurance comparison site Insurify.
The following information was released by the California Department of Insurance:. Climate-intensified El Nio heightens flooding, mudslide, and debris-flow risks; Commissioner Lara urges consumers to consider flood insurance before 30- day waiting period since most homeowners and renter policies do not cover flooding. SACRAMENTO, Calif. Following…
