Property and Casualty News

Origami Risk, the industry-leading risk, safety and insurance Software as a Service technology firm, today announced Tokio Marine HCC– Specialty Group has selected its cloud-native SaaS P&C platform to refine core operations across its global specialty insurance portfolio. Origami Risk was selected by TMHCC– Specialty Group following an extensive…

The Southern California- based consultancy helps property owners nationwide identify, document and evaluate casualty loss deductions for tax relief under federal and state tax law. “CCS was formed in response to the challenges property owners face when seeking compensation for casualty losses after federally declared disasters,” said Derek Myron, CCS’ s…

Federal Express has filed a lawsuit against New York lawyers it accuses of staging traffic accidents and arranging for unnecessary medical treatment to increase the value of injury lawsuits. FedEx sued Ikhilov Law Group and several medical care providers last week in New York federal court, as rising auto-insurance costs have been a hot topic in the state.

The following information was released by the Insurance Information Institute:. The Insurance Information Institute has published a new members-only Issues Brief, Severe Convective Storms: State of the Risk, finding that tornadoes, hail, straight-line winds and severe thunderstorms caused $51 billion in U.S. insured losses in 2025, marking the third…

In recognition of Distracted Driving Awareness Month, Idaho law enforcement agencies are increasing patrols through April 15, focusing specifically on drivers distracted by cell phone use– a violation that can lead to crashes, injuries or fatalities, and higher auto insurance premiums. In 2024, 3,208 people were killed in crashes involving distracted…

I’ ve written at least a dozen columns about the disaster at the New Mexico Children, Youth and Families Department. Health care providers in New Mexico are not going to return to pre-pandemic levels overnight because the Legislature passed malpractice reform and authorized joining two interstate licensure compacts. New Mexico ranks 48th in the nation for…

State lawmakers on Monday received an update on Hawaii's efforts to stabilize its strained property insurance market, with officials pointing to early gains from the Hawaii Hurricane Relief Fund and warning of upcoming changes that could expand flood insurance requirements on Oahu. The joint informational briefing held by the House and Senate…

The collapse of Prospect Medical, a for-profit hospital chain plundered by private equity and the company's management, has generated a painful litany of woes. Amid a debt-fueled acquisition spree that saw the small California company grow to 17 hospitals in six states, Prospect was repeatedly cited for dangerous medical care, poor infection control and…

That principle is at the heart of the Driving Change legislation our office is championing in Springfield, which would move Illinois toward a fairer, more affordable system that prioritizes what should matter most: a driver's record behind the wheel. This proposal is part of Senate Bill 1486, which also aims to rein in the surging cost of homeowners' insurance…

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Amherst National Insurance Company, formerly known as Jet Insurance Company. At the same time, AM Best has affirmed the FSR of A- and Long-Term ICR of“ a-” of Amherst Specialty Insurance Company.

Colorado insurance premiums have risen 65% in 5 years. Colorado lawmakers want to impose a per-policy fee on home insurance providers to raise $20 million a year for a program that would provide grants to homeowners to protect their properties against hail. The hope is that the program will protect enough Colorado homes against hail that insurance rates will…

—Legal watchdog groups are accusing New York trial lawyers of funneling millions of dollars into democratic lawmakers’ political campaigns in an effort to stall Gov. The American Tort Reform Association said the New York State Trial Lawyers Association contributed nearly $6.5 million to state lawmakers between 2022 and 2025, including sizable…

The property/casualty operating subsidiaries of Fortegra include Lyndon Southern Insurance Company; Insurance Company of the South; Response Indemnity Company of California; Blue Ridge Indemnity Company; Fortegra Specialty Insurance Company; and Fortegra Europe Insurance Company SE. Furthermore, AM Best has maintained the under review with positive…

Ke Zhang of Astrus Insurance Solutions was selected as a recipient of the Business Insurance 2026 Break Out Awards. According to Business Insurance, the Break Out Award winners are professionals in the commercial insurance and risk management sectors with no more than 15 years of industry experience who possess exceptional leadership, expertise and…

Part of Governor's Efforts To Combat the High Cost of Auto Insurance by Tackling Fraud, Waste and Abuse: New York State Second in Nation For Staged Crashes. Governor Kathy Hochul today announced that the New York State Police and Department of Financial Services will partner to crack down on insurance fraud by hosting a specialized training to further…

Colorado Democrats are reviving a proposal to levy a new fee on home insurance companies, with the aim of distributing grants to fund "resilient" roofing. Kyle Mullica, D- Thornton, Senate Bill 155 creates a government "enterprise," which would collect a 0.5% fee of the total premium collected by an insurer on what's called "multiperil" homeowners' insurance policies.

As insurers hike rates and cancel policies for thousands of homeowners across California, a new state report has proposed a series of reforms to prevent the property insurance market from cratering amid increasingly catastrophic wildfires- but some consumer advocates say it doesn "t go far enough. Officials with the California Earthquake Authority, the…