Property and Casualty News

Some New Jersey motorists, already shouldering car insurance costs that are among the highest in the nation, saw their rates rise as much as 32.5% in the past two years— far faster than inflation and nearly five times the rate that triggers regulatory review. Most of the 77 insurers that write auto insurance in New Jersey have sought rate hikes every year since…

Today, Congressman Chris Deluzio and Congresswoman Summer L. Lee announced the introduction of a three-bill package aimed at addressing the growing crisis of unreclaimed "zombie mines" long-standing idle coal mines that pollute waterways and threaten public safety. Rep. Deluzio's bill, the Bond Improvement and Reclamation Assurance Act and Rep. Lee's bill,…

Rep. Adams was shocked to learn this even though she has been in the insurance business for nearly 20 years. "Homeowners insurance in the last probably 4 to 5 years has just really gone up a lot," said Rep. Adams. "I thought maybe that's something that we could change in Oklahoma," said Rep. Adams.

2026 MAY 25– By a News Reporter-Staff News Editor at Daily Veterinary News– New research on Veterinary Medicine- Veterinary Research is the subject of a report. According to news reporting out of Blacksburg, Virginia, by NewsRx editors, research stated,“ To describe the demographics of dog owners and dogs with pet insurance enrolled in the Dog Aging Project, a large…

Louisiana may soon get a massive influx of money for a widely touted solution to ever-rising home insurance rates: Fortified roofs. State lawmakers appear poised to pass a bill that would add significantly more money to the grant program that gives Louisiana homeowners $10,000 each toward a new fortified roof. The cash would come from excess funds collected…

The following information was released by the office of the Governor of Colorado:. Today, Governor Polis announced the Roadmap to Reduce Homeowners Insurance, a comprehensive strategy in partnership with the Division of Insurance to help address high homeowner's insurance rates, and find statewide solutions to reducing the cost of homeowner's insurance.

The following information was released by the office of the Pennsylvania Attorney General:. The agreement stems from an investigation of a complaint from a new GEICO policyholder in West Philadelphia who lost her insurance as a result of the company's standard 60- day policy review for new customers. In the West Philadelphia case, GEICO required the…

New Mexico was only the second state to pass such a law, following Colorado in 2020. Designed to provide an avenue for New Mexicans to hold government entities accountable for civil rights violations, the law faced early concern that higher payout caps— now $2.4 million— would drive up liability insurance costs for local governments and state agencies.

Answer: Yes, and you are mistaken about Federal Emergency Management Agency disaster grants, which are only for uninsured losses; FEMA can’ t duplicate benefits. In fiscal year 2025, FEMA’ s maximum grant amounts were $43,600 for Housing Assistance and $43,600 for Other Needs Assistance, or a total of $87,200 for a claimant eligible for each maximum, according to…

A retainer agreement between the Lawton Economic Development Authority and the Center for Economic Development Law prompted a question of whether LEDA is adequately insured. In the agreement, which extends from July 1, 2026, through June 30, 2027, the Oklahoma City legal firm agrees "to maintain in force and effect a professional liability insurance policy"…

Louisiana may soon get a massive influx of money for a widely touted solution to ever-rising home insurance rates: Fortified roofs. State lawmakers appear poised to pass a bill that would add significantly more money to the grant program that gives Louisiana homeowners $10,000 each toward a new fortified roof. The cash would come from excess funds collected…

CEDAR RAPIDS— A Cedar Rapids man is accused of theft and insurance fraud after investigators said he submitted life insurance claims for three children whose deaths could not be substantiated. Thompson Nagbe Jr., 37, made two fraudulent life insurance claims on policies he enrolled in through his employer, according to a Linn County criminal complaint.

"The availability of insurance is based on the perception of the risk, and the cost of insurance is directly tied to the cost of claims, and those can be two totally separate things," said Senior Property and Casualty Policy Advisor David Forte from the Washington State Office of the Insurance Commissioner. According to Forte, costs have increased in tandem with…

JB Pritzker kicked off a campaign for tighter insurance regulation in Illinois. Now, the whirlwind of negotiations, proposals, and failed legislation that ensued could be nearing an end as two bills recently passed out of the Senate. Kevin Martin, executive director of the Illinois Insurance Association, warned that excessive regulation could drive insurers…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Ping An Property& Casualty Insurance Company of China, Ltd. The outlook of these Credit Ratings is stable. In 2025, the company’ s C&S increased by 7.0%, reaching RMB 146.2 billion by year-end.

OKLAHOMA CITY— Insurance Commissioner Glen Mulready made the following statements regarding legislation signed into law and the announcement of a public hearing regarding homeowners market status:. The department has already begun preparing for this new file and use process, which will become effective on July 1, 2027. For too long, trial lawyers have…

When do you need travel insurance? Plus how to get it. Ask Sofia Calvin, a travel advisor with Storied Travel, and she'll tell you that purchasing travel insurance coverage is a smart investment.

Neptune Insurance Holdings, Inc., the largest private flood insurance provider in the United States, today announced the nationwide launch of Atlas+, Neptune’ s new AI-powered platform experience for insurance agents. Atlas+ is designed to help agents become flood insurance sales experts by bringing generative AI directly into the Neptune Agent Portal.

Church Mutual Insurance Company, S.I. 1 today shared 2025 financial results for the Church Mutual family of companies at its annual policyholder meeting, reflecting continued financial strength and disciplined performance. Policyholder surplus of $805.5 million, an increase of $91.1 million from year-end 2024 Combined ratio of 99% Gross written premium…