Bowhead Specialty Holdings Inc., a specialty lines insurance group focused on providing casualty, professional liability and healthcare liability insurance products, delivered through complementary“ craft” and“ digital” underwriting models, today announced financial results for the fourth quarter and year ended December 31, 2025.
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AM Best is revising its outlook for Germany’ s non-life insurance segment to stable from negative. In addition, AM Best notes that Germany’s property insurance market remains subject to volatility in results due to its exposure to losses from extreme weather events. Headquartered in the United States, the company does business in over 100 countries with…
Real estate transactions have a lot more insurance possibilities than the basic homeowner's policy. Last year the Nevada Legislature passed a bill allowing home insurance companies to exclude wildland fires from the coverage on your house if they choose to. Wildland fire scares are making the insurance industry difficult to deal with in many…
ProAssurance Corporation, an industry-leading specialty insurer with extensive expertise in medical professional liability, today reported net income of $33.4 million, or $0.64 per diluted share, and operating income of $42.4 million, or $0.82 per diluted share, for the three months ended December 31, 2025. Operating performance continues to demonstrate…
American Integrity Insurance Group, Inc., a Tampa- based property and casualty insurance holding company, today announced that Jon Ritchie, President, and Ben Lurie, Chief Financial Officer, will participate in a fireside chat at the 47th Annual Raymond James Institutional Investors Conference on Monday, March 2, 2026, at 9:50 a.m. ET. About American Integrity…
The U.S. property/casualty industry produced its strongest performance of the past decade in 2025, reflecting the combined benefits of improved pricing and investment income, offsetting persistent pressure on claim costs and liability-driven volatility, according to a new AM Best report. The annual Review& Preview Best’ s Market Segment Report,“ Rate…
Two community organizations and two businesses that suffered Maui wildfire losses have petitioned the Hawaii Supreme Court to dismiss an insurance industry lawsuit on appeal that's delaying distribution of a $4 billion settlement to victims. The petition follows a Hawaii Supreme Court decision Tuesday that represented a second ruling in two years by…
The following information was released by the office of the Governor of New York:. Governor Kathy Hochul today unveiled support from local electeds, union leaders, business and community organizations, and nonprofits behind her proposals to lower the cost of auto insurance. Governor Hochul's smart, targeted, and commonsense auto insurance reforms are…
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…
