Property and Casualty News

The following information was released by the Oklahoma House of Representatives:. Chris Sneed, R- Fort Gibson, advanced four insurance bills this week through the House Insurance Committee, which he chairs. The bills would provide a structured framework that allows lawmakers to consolidate reforms, improve clarity in statute and ensure Oklahoma law keeps…

OKLAHOMA CITY— Two bills aimed at reining in soaring home insurance costs went down in flames Thursday, but Democrats and Republicans agreed that the state cannot afford a legislative punt on the issue. Julia Kirt, D- Oklahoma City, failed to advance through the Senate Business and Insurance Committee. Currently, that would not be allowed by law because there are…

State officials also doled out several hundred more grants through partnerships with nonprofits and officials in Jefferson Parish. The numbers suggest that while Louisiana has rapidly moved to fortify homes amid worsening hurricanes, tens of thousands of residents are still looking for help putting on stronger roofs. Since moving to a lottery system in…

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 2003, Texas Republicans championed sweeping medical malpractice reforms aimed at protecting doctors from frivolous lawsuits. Two decades later, the party is now asking the Texas Supreme Court to make an exception to that strict two-year deadline for one specific group: people who say they were harmed by gender-transition procedures.

Illinois families are feeling financial pressures-from groceries to utilities to property taxes- as the cost of everyday life keeps climbing. Severe weather events, rising construction costs and broader inflationary pressures have pushed claims and expenses up across the country- not just in Illinois. More than 200 insurers actively compete for business…

South Korea- based automaker Hyundai has announced plans to launch its own branded insurance carrier, joining Tesla, Honda, and GM, among others, in entering the car insurance business. In a filing with the U.S. Patent and Trademark Office, Hyundai applied for a trademark called "Hyundai Secure+," which it said was for "insurance services; underwriting and…

Distinguished Programs, a national insurance program manager and MGA, has launched a Transactional Risk program led by Tim Dawe, designed to address the complex exposures associated with mergers and acquisitions, including representations and warranties insurance and tax liability insurance. Tim Dawe leads Distinguished Programs’ new Transactional…

When evaluating the performance of their elected officials, many voters look up their positions on the issues Floridians care about most, and track politicians’ votes. This is Florida, so things can always get worse. For those premiums— which can top $10,000 for a relatively modest house in a coastal county— Floridians usually have less coverage and higher…

A new state Senate bill aims to guarantee homeowners insurance protections for their wildfire-hardened homes. In the year before the Los Angeles area conflagration, California’ s property insurance crisis deepened with a series of catastrophic wildfires, and insurance companies responded by closing the door to new policies and canceling existing ones.

Illinois lawmakers are poised to make a second attempt at passing a bill that would give state regulators more authority to control the rising cost of homeowners insurance for individual property owners and for Condo and Homeowners Associations. JB Pritzker called for the legislation last summer after Bloomington- based State Farm Insurance announced it…

Senator Sasha Renee Perez introduced theInsurance Coverage for Fire-Safe Homes Act, SB 1076, to ensure homeowners who make their homes fire-safe can obtain and keep home insurance. Enrollment in the insurer of last resort, the FAIR Plan, hasdoubled in just two years as hundreds of thousands of homeowners across California havelost their original insurance…

"Given the way Neptune appears to be positioning itself echoing Project 2025' s call for an end to NFIP Congress needs to understand the company's role in the market and examine its claims to provide affordable and reliable insurance." Washington, D.C. Today, U.S. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee,…

–Business groups are urging New York lawmakers to crack down on staged accidents and other auto insurance fraud by overhauling the state's liability laws. In a letter to Senate Majority Leader Andrea Stewart-Cousins and House Speaker Carl Heastie on Tuesday, a coalition of business groups called on them to pass Gov. The groups, which include the Business…

Illinois families are feeling financial pressures †"from groceries to utilities to property taxes â€" as the cost of everyday life keeps climbing. Severe weather events, rising construction costs and broader inflationary pressures have pushed claims and expenses up across the country †"not just in Illinois. More than 200 insurers actively compete for…

For the fourth quarter ended December 31, 2025, iA Financial Group recorded core diluted earnings per common share†† of $3.10, which is 2% higher than the same period in 2024. The solvency ratio 5 was 133% 6 at December 31, 2025, highlighting a robust capital position. “Our strong and profitable growth across all business segments in the fourth quarter— including…

—LOS ANGELES— Mercury General Corp. on Tuesday reported net income of $202.5 million in its fourth quarter. On a per-share basis, the Los Angeles- based company said it had net income of $3.66. For the year, the company reported profit of $541.1 million, or $9.77 per share.

SPRINGFIELD— Illinois lawmakers are poised to make a second attempt at passing a bill that would give state regulators more authority to control the rising cost of homeowners insurance. JB Pritzker called for the legislation last summer after Bloomington- based State Farm Insurance announced it was raising premiums in Illinois an average 27.2%, citing…

Loews Corporation (NYSE: L) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 1.25% on the day to $110.14. Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, […]