Property and Casualty News

AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to“ a” from“ a-” of the following operating subsidiaries of Enact Holdings, Inc.: Enact Mortgage Insurance Corporation and Enact Mortgage Insurance Corporation of North Carolina. Both operating companies are domiciled in Raleigh, N.C. In addition, AM Best has…

The Opelika City Council approved new regulations for hemp stores during its regular Tuesday meeting. The city council approved an annual General Liability Insurance agreement with Marsh& McLennan Agency. The city council approved a new job description for the Library Programming and Outreach Coordinator.The city council approved reclassifying the…

New analysis examines how inflation, gasoline prices, vehicle repair costs, and auto insurance are affecting American drivers.

You might assume you're covered for repairs after a disaster because you have homeowners insurance. Unfortunately, you could be wrong. As extreme weather becomes more frequent and destructive, homeowners across the country are discovering gaps in their insurance policies— after the damage has already been done.

The September issue of Best’ s Review includes the following exclusive rankings:. Top 25 US Property/Casualty Mutual Writers. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.

Bedford County says it has recovered a majority of the money from a recent fraud scheme involving its finance department. Additionally, the statement said the remaining $38,685.31 was reimbursed through the county's social engineering fraud liability insurance coverage, and results in no financial loss to Bedford County taxpayers.

California Insurance Commissioner Ricardo Lara today announced proposed regulations to prohibit insurance companies from using a driver's marital status as an optional factor when setting private passenger automobile insurance rates, taking the next step in his ongoing effort to modernize California's insurance regulations and strengthen…

Senator Elizabeth Warren, Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, delivered opening remarks ahead of committee votes on re-authorizing the Terrorism Risk Insurance Act Program as well as President Trump's nominations of Brian Johnson to be Director of the Consumer Financial Protection Bureau, Abby Warren to be…

The following information was released by the office of Arizona Senator Ruben Gallego:. Nearly 60 percent of American businesses that rely on terrorism risk insurance could be left without coverage if Congress fails to act. WASHINGTON Today, Senator Ruben Gallego, along with Senators Tina Smith, Dave McCormick, and Thom Tillis, celebrated the unanimous…

Donalds counters on the campaign trail and in a television ad that Jolly's plan would institute a $1,000 "hurricane tax" on Florida families. The Donalds campaign cites a recently published study from Florida State University as the source of its contention that Jolly's plan would blow a hole in Florida voters' pockets if approved. But that FSU study isn't based…

Californians are weighing a ballot measure that could reshape how local taxes pass, while two major insurers are cautiously reentering the state’ s home insurance market. In Roseville, a celebrated taqueria marked Mexican Independence Day with a dish rarely seen stateside. Here’ s a quick digest.

In an emailed statement signed by Commissioner Chairman Mike Stiles, the county wrote that it has successfully recovered $208,544.69 of the $247,230 total. Additionally, the statement said the remaining $38,685.31 was reimbursed through the county's social engineering fraud liability insurance coverage, and results in no financial loss to Bedford…

Governor Greg Abbott today announced that the Texas Department of Insurance, in response to his August 24 directive, identified actions to protect consumers and make property and casualty insurance more affordable for Texans. "The average annual homeowners' insurance premium in Texas rose 79 percent in six years," said Governor Abbott. Last month, Governor…

David Gorman of Dallas, Texas, has been installed as president of the National Association of Professional Insurance Agents.

Today, Senate Banking Committee Chairman Tim Scott held an executive session to consider terrorism insurance reauthorization and four of President Trump's nominees. Reflecting on the 25th anniversary of September 11 and his experience running an insurance business in South Carolina, Chairman Scott discussed coverage for businesses rebuilding after a…

After freezing new home insurance policies in California in 2022 and 2023, Allstate and State Farm are seeking a limited return to writing new residential policies. State Farm said it will consider issuing policies to homes that meet the strictest Insurance Institute for Business& Home Safety standards for wildfire safety, Lara’ s office said.

“Annex is proud to provide a digital solution to agencies for more challenging risks that in many cases they simply had no feasible home for,” said Charlie Sido, Co-Founder of Annex.“ The Zebra’ s technology-first approach to working with consumers mirrors our own philosophy.”. “As environmental risks grow more complex, homeowners need flexible, specialized…

The following information was released by the California Department of Insurance:. SACRAMENTO, Calif. California Insurance Commissioner Ricardo Lara today announced proposed regulations to prohibit insurance companies from using a driver's marital status as an optional factor when setting private passenger automobile insurance rates, taking the…

The following information was released by the office of the Governor of Texas:. The average annual homeowners insurance premium in Texas rose 79 percent in six years, said Governor Abbott. High insurance costs hit Texas families hard.