Property and Casualty News

AM Best has removed from under review with positive implications and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Sompo Japan Insurance Inc. and its subsidiaries. The acquisition of Aspen is expected to increase SJ’ s business scale and specialty line capabilities, materially enhancing its presence in the…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Premier Land Title Insurance Company. The outlook of these Credit Ratings is stable. The company’ s limited business profile reflects its role as a mono‑ line title insurance writer, operating across 20 states and Washington, D.C., with a significant…

The LEDA meeting will occur two days after the Lawton City Council voted to spend almost $150,000 to renew two liability insurance policies intended to protect City Hall computers from cyber criminals. LEDA Executive Director Richard Rogalski informed the City Council during its meeting July 8, 2025, that $224,840 was stolen from LEDA via a Fisher59 email…

FRAUD-IMPERSON KNOW INTENT UNLAW POSSES 5 OR MORE INDENT, SURETY/ CASH, $50,000. MOVING TRAFFIC VIOL OPERATE MOTOR VEHICLE WO VALID LICENSE, SURETY/ CASH, $1,000. MOVING TRAFFIC VIOL DRIVE WITH SUSPENDED REVOKED LICENSE, SURETY/ CASH, $150.

How does the cost of homeowners insurance vary between Virginia, Washington DC, and Maryland? For buyers choosing between buying a home in Virginia, Washington DC, or Maryland the difference in homeowners insurance costs is worth considering. For most properties in the DMV, with standard insurance coverage, Seth finds that the annual premiums in DC and MD are…

Federal Housing Finance Agency Director Bill Pulte is accusing James of alleged homeowners insurance fraud, according too documents obtained by CNN, NBC News and MS News. Pulte reportedly issued criminal referrals dated Wednesday to the U.S. attorneys for the Justice Department in the Northern District of Illinois and the Southern District of Florida,…

The following information was released by Pennsylvania House of Representatives, Democratic Caucus:. Jacklyn Rusnock, D- Berks, that would require insurance companies to disclose the availability and cost of flood insurance to homeowners passed the House today. Flooding is the most common and costly natural disaster in the United States.

Today, Congresswoman Susie Lee joined the Nevada Division of Insurance, Nevada Property and Casualty insurance brokers, and industry professionals to discuss the challenges facing the insurance market and the impact on Nevada consumers. After bringing home over $7 million to make streets in southern Nevada safer, I'll continue to work with anyone to find…

But that's what happened over the last several weeks in New Orleans during the blockbuster trial of two attorneys who were at the center of a sprawling scheme to defraud trucking and insurance companies by conducting staged wrecks and then suing the big-rig firms for damages. What's more, this conspiracy operated alongside an ongoing debate about…

Montana home insurance costs spiked 18% in 2025, pushing the state's average annual premium up more than $300 by the end of last year, according to Insurify's 2026 Insuring the American Homeowner report. Wildfire risks have risen substantially in Montana. "We've seen over the last several years that homeowners insurance in Montana is getting more expensive,…

The combined bill now awaits Senate approval before being sent to Gov. Pritzker initially called for rate review authority over homeowners insurance last summer after Bloomington- based State Farm Insurance announced it was raising rates in Illinois an average 27.2%, citing losses it had incurred from weather-related disasters in the state.

*A bill giving the Illinois Department of Insurance authority to review and regulate premiums for both auto and homeowners insurance passed the House March 19 and now awaits Senate action. The combined bill now awaits Senate approval before being sent to Gov. Pritzker initially called for rate review authority over homeowners insurance last summer after…

For years, Florida journalists have done the job that the state’ s so-called insurance“ regulators” have not— trying to reveal what "s really going on with Florida" s insurance industry. 1) Many homeowners involuntarily became customers of start-up companies without proven track records, thanks to the state "s decision to offload customers of the state-run…

Traditional homeowners’ and renters’ insurance policies that are not accompanied by separate flood insurance would not cover claims for damage or destruction caused by floodwaters that came“ from the ground up,” said Sam Thomsen, investigations branch chief for the state Department of Commerce and Consumer Affairs. Homeowners could be compensated for…

–Home and auto insurance providers in Illinois could face new oversight and regulation after a Senate bill recently passed the House, despite concerns from Republican lawmakers and insurance industry groups. An agent for State Farm, Keicher said his concerns are only in the interest of his constituents. “My biggest concern as a member of the industry is…

Billed as an effort to tackle affordability issues in the state, a new proposal pitched last week by an Orange County legislator would offer a full state income tax deduction for homeowners insurance premiums. Editor "s note: Sacramento Snapshot is a weekly series during the legislative session detailing what Orange County" s representatives in the Assembly…

The following information was released by the office of the Governor of Hawaii:. With more severe weather in the forecast, the Hawai'i Department of Commerce and Consumer Affairs Insurance Division encourages residents to know what their policies cover so they can efficiently recover any losses after the storm passes. Flood insurance is separate from…

These preliminary results are detailed in a new Best’ s Special Report, titled,“ First Look: 2025 US Property/Casualty Financial Results,” and the data is derived from companies’ annual statutory statements received as of March 9, representing an estimated 96% of the P/C industry’ s net premiums written. The P/C industry also saw a 9% increase in net investment…

BOSTON& ZURICH—- Berkshire Hathaway Specialty Insurance today announced the introduction of two new Executive First D&O Liability Insurance policies in Switzerland: one tailored for commercial and industrial organizations and another for financial institutions and investment managers. In addition to Executive First D&O Liability Insurance, BHSI’ s…

OKLAHOMA CITY— The Oklahoma Insurance Department announced it has fined and revoked the license of Leslie Clark, a resident insurance producer from Stigler, following an investigation led by its Anti-Fraud Unit. This case began when Farmers Insurance Group filed a complaint on Dec. 5, 2024. Clark entered a check receipt for $6,885.00 into the insurer's…