Property and Casualty News

The Richmond Times-Dispatch isn't the only business in Richmond that's been around for 175 years. "For more than 400 years, the greater Richmond area has been a magnet for businesses, and for any organization to be successful for 175 years is an amazing accomplishment," said Jennifer Wakefield, president and CEO of the Greater Richmond Partnership.

Today, Governor Ron DeSantis was joined by Insurance Commissioner Michael Yaworsky to announce continued progress in Florida's insurance market, with major reforms driving down rates, attracting new insurers, reducing litigation, and delivering significant savings for Florida consumers. "Florida's insurance market is stabilizing with decreasing auto…

AM Best Managing Director Greg Williams appears as the featured guest in the current episode of Canadian Underwriter’ s“ What’ s on Dec? AM Best will host an insurance market briefing on the state of Canada’ s insurance industry at the Sheraton Centre Toronto Hotel on Thursday, Oct. 30, 2025. To learn more about AM Best’ s Canada Insurance Market Briefing- Toronto,…

MARATHON— County commissioners voted unanimously last week to eliminate floodplain construction requirements adopted two decades ago after FEMA threatened to withhold federally-subsidized flood insurance due to the county's failure to prevent illegal living space in unincorporated Monroe. Monroe County Administrator Christine Hurley and staff…

Congressman Clay Higgins and Congressman Frank Pallone re-introduced H.R. 5484, theNational Flood Insurance Program Reauthorization Act, a bipartisan bill to reform and extend NFIP. In addition to his advocacy for a long-term reauthorization and reform bill, Congressman Higgins has also sponsored standalone legislation to extend NFIP during a…

DEPARTMENT OF HOMELAND SECURITY FEDERAL EMERGENCY MANAGEMENT AGENCY Proposed Flood Hazard Determinations for Hays County, Texas and Incorporated Areas. The Department of Homeland Security’ s Federal Emergency Management Agency has issued a preliminary Flood Insurance Rate Map, and where applicable, Flood Insurance Study report, reflecting proposed…

SARASOTA, Fla.– There has been a push on both sides of the aisle to ease the financial burden for Floridians. During a stop in Sarasota, Gov. More specifically, Allstate requested a 7% drop, Liberty Mutual requested 5%, and State Farm called for a 4% decrease.

Following the Coconino County Board of Supervisors' most recent discussion about wildfire and homeowners insurance on Sept. 30, the Arizona Daily Sun asked readers to share their stories of searching for affordable insurance in an increasingly unaffordable market. Kathy Gimenez is a retired real estate agent who lives with her husband in Westwood Estates,…

Progressive, one of the nation "s top auto insurance companies, plans to return nearly $1 billion to Florida policyholders, Gov. "The dispute would be over, like, $50,000, and then the lawyer ends up getting like $350,000. In late July, Progressive stated in a filing to shareholders that, thanks to the reforms, premiums collected from its policyholders could exceed…

The following information was released by Consumers Union:. The growing number of extreme weather events, combined with inflation and rising construction costs, have destabilized the home insurance market. "This Bill of Rights lays out the basic, common-sense protections every homeowner should be guaranteed," said Alexandra Grose, senior counsel for…

NJ 6th District Congressman's bill would stabilize FEMA's National Flood Insurance Program, which remains frozen during Republican shutdown. WASHINGTON, D.C. Congressman Frank Pallone, Jr., Ranking Member of the House Energy and Commerce Committee, said the Republican government shutdown underscores the urgent need for his new National Flood Insurance…

California state Insurance Commissioner Ricardo Lara’ s office has pushed back against criticisms about Lara’ s world travel over the past six years, contending that all the trips– to South America, Europe, Africa, Dubai– were directly related to his duties and helped to protect California consumers. In July, a former state Department of Insurance and Department…

They are the lead state agency responsible for helping cities and counties identify and reduce their flood risks, comply with Washington's floodplain management laws, and maintain enrollment in the National Flood Insurance Program administered by the Federal Emergency Management Agency. As part of Flood Awareness Month, they are partnering with…

2025 OCT 20– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ TWIG” by Randel S. Springer Womble Bond Dickinson LLP, representing AssuranceAmerica Corporation. This application was made available to the public on October…

As catastrophic wildfires spur insurance companies to raise homeowner premiums and drop thousands of policyholders across California, the industry has blamed climate change for fueling the blazes. The California Department of Insurance, led by Commissioner Ricardo Lara, said it has no plans to pursue regulation to force insurers to divest.

County commissioners voted unanimously on Wednesday, Oct. 15, to eliminate floodplain construction requirements adopted two decades ago after FEMA threatened to withhold federally subsidized flood insurance due to the county's failure to prevent illegal living space in unincorporated Monroe. Monroe County Administrator Christine Hurley and staff…

California has approved a package of new laws meant to stabilize the state "s faltering home insurance market and help property owners protect their homes from wildfires and recover when they lose everything in a blaze. The legislation, signed by Gov. Gavin Newsom this month, is the state "s latest effort to tackle an insurance crisis that" s left thousands of…