Property and Casualty News

I bought travel insurance from Tin Leg for a scheduled REI tour to Utah. When a family tragedy struck and my husband's father passed away, I canceled our entire trip and all related reservations. I acted quickly to inform both REI and Tin Leg.

The FAIR Plan, California's last-resort insurance program for homeowners needing fire coverage, is seeking approval for steep rate hikes averaging 35.8%, though some policyholders could actually see their premiums drop. Under the proposal, sent to state regulators Sept. 29, insurance costs would increase for about four in five of the plan's more than 550,000…

Q: I’ m 65 andmy property taxes and insurance keep going up. Howcan I afford my house in five years? InAugust, the FederalHousingHouse Price Index measured a 2.9% increase in U.S. home values on a year-over-year basis.

TALLAHASSEE, Fla.- The finger-pointing continues on Capitol Hill as Republicans and Democrats struggle to sort out the government shutdown, with healthcare and hurricanes top of mind for Florida Congressional leaders. "The idea that families in Florida could go without coverage because of D.C. politics is frankly gross," said U.S. Rep. As Republicans fear…

Under the proposal, sent to state regulators Sept. 29, insurance costs would increase for about four in five of the plan "s more than 550,000 homeowner policies across California. The remaining roughly 97,000 policyholders- including hundreds in Alameda County and parts of the South Bay and Peninsula— would see a rate cut, with most deductions no more than 50%.

The following information was released by the Congressional Budget Office:. H.R. 5214 would amend the Code of the District of Columbia to require mandatory pretrial detention for defendants charged with certain violent crimes and require mandatory cash bail or bail bonds for all defendants charged with other specified crimes. Because the bill would affect…

People whose coverage is slated to lapse under NFIP, which is run through the Federal Emergency Management Agency, could find themselves without insurance in the event of a flood if the government faces a prolonged shutdown. "The main concern is whether buyers will have coverage if a flood occurs and whether FEMA will have sufficient funds to pay claims," Austin…

That’ s according to a recent filing with the Department of Insurance by the state-created, but privately funded, plan. Hilary McLean, a spokesperson for the plan, said the main driver“ of the increase is attributable to the wildfire portion of the premium.”. Earlier this year, following the devastating Los Angeles- area fires, the plan was allowed to seek $1 billion…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Top Layer Reinsurance Ltd.. These ratings continue to reflect the substantial amount of support Top Layer receives from its co-owners, State Farm Mutual Automobile Insurance Company, currently with an FSR of A++ and a Long-Term ICR of“ aa+”, and Renaissance…

In Florida, which accounts for nearly 20% of total nationwide policies for the National Flood Insurance Program, this means that some new home sales are on hold and some homeowners could be left with no coverage if their property floods while the government isn’ t functioning. It’ s really scary for homeowners who live in high-risk flood zones relying on an NFIP…

Yet once again, the federal government, which writes the vast majority of flood policies in the U.S., isn't keeping up its end of the bargain. The government shutdown that began Wednesday also marked the expiration of the National Flood Insurance Program's authorization. Congress routinely lets the flood insurance program lapse, or comes close.

Following significant double-digit, year-over-year declines in 2022 and 2023, U.S. title insurance premium bounced back with a 7.2% increase in 2024 on the back of Federal Reserve rate cuts. The composite still generated an underwriting gain during this time, but after producing an underwriting profit of more than $1 billion for five consecutive years from…

AM Best has placed under review with positive implications the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the operating subsidiaries of The Fortegra Group, Inc.. The property/casualty operating subsidiaries of Fortegra include Lyndon Southern Insurance Company; Insurance Company of the South; Response Indemnity…

The following information was released by the National Association of Insurance Commissioners:. On Tuesday, with authorization for the National Flood Insurance Program expiring later that same day, members of the National Association of Insurance Commissioners met with members of the Federal Emergency Management Agency Review Council at the White…

The following information was released by the Louisiana Department of Insurance:. "Louisiana knows firsthand the devastating impact of floods and hurricanes, and we also know the importance of having affordable, reliable insurance coverage, said Commissioner Temple. About the Louisiana Department of Insurance: The Louisiana Department of Insurance works…

People whose coverage is slated to lapse under NFIP, which is run through the Federal Emergency Management Agency, could find themselves without insurance in the event of a flood if the government faces a prolonged shutdown. "The main concern is whether buyers will have coverage if a flood occurs and whether FEMA will have sufficient funds to pay claims," Austin…

When Amy Sparks' father-in-law passes away, she cancels a planned tour of Utah and files a claim with Tin Leg, her travel insurance company. Is she going to lose the $4,098 she paid? Q: I bought travel insurance from Tin Leg for a scheduled REI tour to Utah.

Mark Suhr of Seward, Neb., was sworn in as President of the National Association of Professional Insurance Agents during the organization’s recent board of directors meeting.