Janice Lintz thought the travel insurance on her credit card covered her. But when she found herself stranded during civil unrest in Nepal, she discovered it didn't. "Today’ s world is more volatile; shifting geopolitics, extreme weather, cyber threats, and civil unrest are common," says Frank Harrison, regional security director for the Americas at World Travel…
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It may not cause the sticker shock of last year’ s whopping increase, but State Farm is set to raise homeowners insurance rates in Illinois by another nearly 8% this fall, according to a recent filing with the state. Bloomington- based State Farm has about 1.49 million homeowners policy holders in Illinois, according to the filing. State Farm said the rate increase…
Today’s consumers have ‘zero tolerance’ for slow claims payouts
In an age where instant gratification has become the norm, thanks to rapidly advancing technology, a new study has found that modern insurance consumers are far less willing to tolerate slow insurance payouts than previous generations were.
The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, and Senator Josh Hawley wrote to executives of State Farm, Allstate, USAA, Farmers, Liberty Mutual, and American Family, raising serious concerns about…
About 50 miles to the east, Phil Burton faced a similar problem in Pope Valley, northeast of the city of Napa and east of the main Napa Valley. Burton, a former assistant chief of the Pope Valley volunteer fire department, had been dropped by insurers more than once before turning to the FAIR Plan. His annual fire premium eventually topped $10,000 despite thousands…
As Texas Republicans vow on the campaign trail to once again wage war on the state's property taxes, among the highest in the nation, a clear victor has already emerged: older homeowners. In the wake of additional cuts the Legislature passed last year, some 60% of Texas homeowners age 65 and up no longer pay school property taxes, the largest portion of property…
As Texas Republicans vow on the campaign trail to once again wage war on the state's property taxes, among the highest in the nation, a clear victor has already emerged: older homeowners. In the wake of additional cuts the Legislature passed last year, some 60% of Texas homeowners age 65 and up no longer pay school property taxes, the largest portion of property…
General Mills, Golden Valley, announced the election of Chief Operating Officer Dana McNabb to succeed Jeff Harmening as chief executive officer, effective Jan. 1. Brennan has held executive positions with Transamerica, Ascensus, Definiti and TIFIN@ Work.… Minnesota Lawyers Mutual Insurance Co., a Minneapolis- based provider of lawyers’ professional liability…
Property-and-casualty insurer The Hartford announced Wednesday that its CEO, Christopher Swift, planned to step down from the position next year, and that the company's president, A. Morris "Mo" Tooker, would succeed him. Tooker, 57, is scheduled to start as CEO on the same date, a changeover that will make him the 17th person to hold the top position at one of…
Car insurance is expensive, and insuring young adult drivers adds to the cost. "It’ s not an age question," said Mark Friedlander, a spokesperson for the Insurance Information Institute, an industry group. Douglas Heller, director of insurance at the Consumer Federation of America, an association of nonprofit consumer advocacy groups, agreed that there was no…
The recent nor'easter that slammed the Outer Banks was a not-so-subtle reminder that hurricane season is still upon us and will continue until November 1. As pointed out by the North Carolina Department of Insurance, the first thing that homeowners need to keep in mind is that their standard homeowners policies do not cover flood damage.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Enact Re Ltd.. The outlook of these Credit Ratings is stable. ERL is a Class 3 A Bermuda reinsurer and a direct subsidiary of Enact Mortgage Insurance Corporation, the flagship private mortgage insurer within the Enact Holdings, Inc. organization.
Governor Gavin Newsom has signed nine Department of Insurance-sponsored bills this year championed by Insurance Commissioner Ricardo Lara, delivering major new protections for wildfire survivors, increasing accountability for insurers, modernizing consumer safeguards, and expanding access to critical health care services for Californians.
The 48-hour service rule driving commercial account retention
Four critical data signals show where commercial client loyalty lies.
Consumers don’t trust AI as much as insurers think they do
Insurers may be excited about deploying artificial intelligence across a growing number of business lines. Still, they must remember their clients may not feel the same, a new report from Hi Marley suggests.
The following information was released by the Montana Commissioner of Securities and Insurance:. State Auditor James Brown recognizes the Montana Supreme Court's recent ruling affirming the conviction of a Butte bail bondsman for deliberate homicide by accountability and aggravated burglary, and in doing so, providing legal clarity on restrictions for…
Sep. 30— Property-and-casualty insurer The Hartford announced Wednesday that its CEO, Christopher Swift, planned to step down from the position next year, and that the company's president, A. Morris "Mo" Tooker, would succeed him. Tooker, 57, is scheduled to start as CEO on the same date, a changeover that will make him the 17th person to hold the top position at one of…
Neptune Insurance Holdings, Inc., the largest private flood insurance provider in the United States, today highlighted a new way for consumers to shop for flood insurance: asking their personal Muse agent to do it for them. The emergence of AI agents, like Meta’ s Muse, capable of browsing the web, completing forms, and performing multi-step tasks has the potential…
Chubb Perú initiated operations in 1998 as Altas Cumbres; in 2007, it was acquired by ACE Group and named ACE Seguros S.A., until 2016, when ACE Limited acquired The Chubb Corporation and rebranded the company name. As of December 2025, 47% of the company’ s gross written premiums were composed of property/casualty products, with accident and health comprising…
As Texas Republicans vow on the campaign trail to once again wage war on the state's high property taxes, among the highest in the nation, a clear victor has already emerged: older homeowners. In the wake of additional cuts the Legislature passed last year, some 60% of Texas homeowners age 65 and up no longer pay school property taxes, the largest portion of property…
