Property and Casualty News

–The speaker of the Illinois House is signaling that insurance regulation will be a priority for state lawmakers when the General Assembly reconvenes later this month. Illinois House Speaker Emanuel“ Chris” Welch, D- Hillside, was asked about the upcoming legislative session when he addressed the City Club of Chicago on Tuesday. Illinois Secretary of State…

Earthquake damage is not covered by a standard homeowners insurance policy in the United States. Earthquake risk varies widely across the U.S. According to federal seismic hazard models, earthquake hazards extend beyond the well‑ known Western states to many regions across the country. In this article, Cheap Insurance reviews the differences between…

The following information was released by the office of the Mayor of Philadelphia:. This achievement is expected to save Philadelphia property owners, renters and businesses a combined $424,000 annually in flood insurance premiums. Philadelphia is the 4th largest city in the U.S to join CRS.

The Fifth Court of Appeals at Dallas held that a jury may reasonably account for a policy deductible when calculating damages and confirmed that homeowners who prevail at trial are entitled to recover attorneys’ fees. “The court made clear that insurers cannot erase jury verdicts by relying on deductibles after the fact,” said Chad Baruch, the managing…

High home insurance rates are straining Americans' budgets as they enter 2026. A new survey from Insurify found that 59% of policyholders said their costs increased last year, and 57% have made financial sacrifices to help pay for coverage. In 2025, the average annual cost of home insurance reached $3,017, according to Insurify rate data.

In 2024, the U.S. P/C segment’ s combined ratio dropped 5.1 percentage points to 96.6 from a year earlier, which benefitted from 5.4 percentage point drop in the loss and loss adjusted expense ratio. The turbulence caused by macroeconomic and weather-related factors largely impacted the P/C industry’ s loss and loss adjustment expense ratio as insurers fought…

VergeIO, the VMware alternative for organizations seeking unified infrastructure, today announced that Alinsco Insurance has completed a full migration from VMware on Dell VxRail to VergeOS across its Fort Worth headquarters and international locations. Alinsco Insurance, a Texas- based auto insurance company serving millions of drivers since 2003,…

“The Hartford is a destination for top talent working on the frontier of technological change, and this Columbus office is part of our strategy to have employees collaborate on products and services that are integral to the future of insurance,” said The Hartford’ s Chief Information Officer Shekar Pannala.“ By expanding our technology presence, we are creating…

American Integrity Insurance Group, Inc., a leading Southeast regional property insurer with a long-standing record of disciplined underwriting and financial resilience, today announced its expansion into North Carolina. American Integrity now offers its homeowners insurance product to North Carolina residents, representing a strategic extension…

The Baldwin Group today announced leadership appointments in its Insurance Advisory Solutions segment, the firm’ s retail property and casualty and employee benefits brokerage business. Joe Valerio, Chief Operating Officer, The Baldwin Group’s Insurance Advisory Solutions segment. Following The Baldwin Group’ s recently closed merger with CAC Group, Erin…

The following information was released by the American Medical Association:. The number of $10 million- plus medical malpractice jury awards is growing. In 2024, the average of the top 50 medical malpractice verdicts in the U.S. was $56 million, according to The Doctors Co., a leading medical liability insurer.

GoTo Telemed Rings in 2026 with Vision to Transform Healthcare Delivery Through Nationwide Integrated Telehealth Platform – Empowering Nurses, Physicians, Dentists, and Healthcare Professionals to Practice Seamlessly While Serving 10+ Million Patients Across America. Nationwide Telehealth Ecosystem Combines Digital Platform, EHR, Malpractice Insurance, Billing, Clearinghouse, and Appointment Management in Single Integrated Solution to Eliminate Administrative Burden.

A new set of Louisiana laws took effect on Jan. 1, 2026, primarily to lower the state's leading auto insurance rates, while others address taxes, health care, and government transparency. Louisiana drivers paid the highest auto insurance rates in the country in 2025, according to several national reports. MarketWatch has ranked Louisiana as the most expensive…

Oklahoma's attorney general has received the green light for full intervention in a lawsuit alleging insurance giant State Farm has been engaged in a scheme to limit roof-related payouts for hail and wind damage. Over the objections of State Farm attorneys, Oklahoma County District Court Judge Amy Palumbo on Tuesday granted Drummond's motion to intervene…

Oklahoma's attorney general has received the green light for full intervention in a lawsuit alleging insurance giant State Farm has been engaged in a scheme to limit roof-related payouts for hail and wind damage. Over the objections of State Farm attorneys, Oklahoma County District Court Judge Amy Palumbo on Tuesday granted Drummond's motion to intervene…

Instead, the proposals announced Dec. 10 seek to expand Oklahoma's fortified roof program and require insurance companies to cover roofs that are not too old or worn out, presumably to address the types of wind and hail damage that have become a flashpoint in Oklahoma. Mark Tedford, R- Jenks, and Sen. Aaron Reinhardt, R- Jenks, in a press release, laid blame for rate hikes…

WARREN COUNTY– Representatives from the Federal Emergency Management Agency will host an in-person open house from 3 to 7 p.m. on Jan. 21 at Lake George Town Hall, located at 20 Old Post Road in Lake George, to answer questions about the new preliminary Flood Insurance Study and Flood Insurance Rate Maps. The Open House will not have a formal presentation.